Zoomcar Holdings Stock Market Value
| ZCAR Stock | 5.15 0.12 2.28% |
| Symbol | Zoomcar |
Zoomcar Holdings Price To Book Ratio
Is Passenger Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Zoomcar Holdings. If investors know Zoomcar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Zoomcar Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 1.35 | Revenue Per Share 28.23 | Quarterly Revenue Growth (0.14) | Return On Assets (1.24) |
The market value of Zoomcar Holdings is measured differently than its book value, which is the value of Zoomcar that is recorded on the company's balance sheet. Investors also form their own opinion of Zoomcar Holdings' value that differs from its market value or its book value, called intrinsic value, which is Zoomcar Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Zoomcar Holdings' market value can be influenced by many factors that don't directly affect Zoomcar Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Zoomcar Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Zoomcar Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zoomcar Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Zoomcar Holdings 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Zoomcar Holdings' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Zoomcar Holdings.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Zoomcar Holdings on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Zoomcar Holdings or generate 0.0% return on investment in Zoomcar Holdings over 30 days. Zoomcar Holdings is related to or competes with Ardelyx, Village Super, Mink Therapeutics, Albertsons Companies, Genfit, and Mind Medicine. Zoomcar Holdings is entity of United States More
Zoomcar Holdings Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Zoomcar Holdings' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Zoomcar Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.62 | |||
| Information Ratio | 0.0155 | |||
| Maximum Drawdown | 270.35 | |||
| Value At Risk | (21.52) | |||
| Potential Upside | 14.31 |
Zoomcar Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zoomcar Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zoomcar Holdings' standard deviation. In reality, there are many statistical measures that can use Zoomcar Holdings historical prices to predict the future Zoomcar Holdings' volatility.| Risk Adjusted Performance | 0.0248 | |||
| Jensen Alpha | 0.3496 | |||
| Total Risk Alpha | (3.95) | |||
| Sortino Ratio | 0.04 | |||
| Treynor Ratio | 0.2903 |
Zoomcar Holdings Backtested Returns
Zoomcar Holdings appears to be abnormally volatile, given 3 months investment horizon. Zoomcar Holdings shows Sharpe Ratio of 0.0225, which attests that the company had a 0.0225% return per unit of risk over the last 3 months. By examining Zoomcar Holdings' technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please utilize Zoomcar Holdings' Downside Deviation of 11.62, market risk adjusted performance of 0.3003, and Mean Deviation of 9.98 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zoomcar Holdings holds a performance score of 1. The firm maintains a market beta of 2.0, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Zoomcar Holdings will likely underperform. Please check Zoomcar Holdings' potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Zoomcar Holdings' historical returns will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
Zoomcar Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between Zoomcar Holdings time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Zoomcar Holdings price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Zoomcar Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.66 |
Zoomcar Holdings lagged returns against current returns
Autocorrelation, which is Zoomcar Holdings stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Zoomcar Holdings' stock expected returns. We can calculate the autocorrelation of Zoomcar Holdings returns to help us make a trade decision. For example, suppose you find that Zoomcar Holdings has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Zoomcar Holdings regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Zoomcar Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zoomcar Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zoomcar Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Zoomcar Holdings Lagged Returns
When evaluating Zoomcar Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zoomcar Holdings stock have on its future price. Zoomcar Holdings autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Zoomcar Holdings autocorrelation shows the relationship between Zoomcar Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Zoomcar Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Zoomcar Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Zoomcar Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Zoomcar Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against Zoomcar Stock
| 0.88 | HRI | Herc Holdings | PairCorr |
| 0.86 | FTAIM | FTAI Aviation | PairCorr |
| 0.83 | ALTG-PA | Alta Equipment Group | PairCorr |
| 0.77 | WLFC | Willis Lease Finance | PairCorr |
| 0.77 | MGRC | McGrath RentCorp | PairCorr |
The ability to find closely correlated positions to Zoomcar Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zoomcar Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Zoomcar Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Zoomcar Holdings to buy it.
The correlation of Zoomcar Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zoomcar Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zoomcar Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Zoomcar Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Zoomcar Stock Analysis
When running Zoomcar Holdings' price analysis, check to measure Zoomcar Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Zoomcar Holdings is operating at the current time. Most of Zoomcar Holdings' value examination focuses on studying past and present price action to predict the probability of Zoomcar Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zoomcar Holdings' price. Additionally, you may evaluate how the addition of Zoomcar Holdings to your portfolios can decrease your overall portfolio volatility.