ZCCM INVESTMENT (Zambia) Market Value
| ZCCM-IH Stock | 65.00 0.00 0.00% |
| Symbol | ZCCM |
ZCCM INVESTMENT '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 ZCCM INVESTMENT's 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 ZCCM INVESTMENT.
| 01/03/2025 |
| 02/02/2025 |
If you would invest 0.00 in ZCCM INVESTMENT on January 3, 2025 and sell it all today you would earn a total of 0.00 from holding ZCCM INVESTMENT HOLDINGS or generate 0.0% return on investment in ZCCM INVESTMENT over 30 days.
ZCCM INVESTMENT 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 ZCCM INVESTMENT's 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 ZCCM INVESTMENT HOLDINGS upside and downside potential and time the market with a certain degree of confidence.
ZCCM INVESTMENT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZCCM INVESTMENT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZCCM INVESTMENT's standard deviation. In reality, there are many statistical measures that can use ZCCM INVESTMENT historical prices to predict the future ZCCM INVESTMENT's volatility.ZCCM INVESTMENT HOLDINGS Backtested Returns
We have found three technical indicators for ZCCM INVESTMENT, which you can use to evaluate the volatility of the entity. The firm owns a Beta (Systematic Risk) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and ZCCM INVESTMENT are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
ZCCM INVESTMENT HOLDINGS has no correlation between past and present. Overlapping area represents the amount of predictability between ZCCM INVESTMENT time series from 3rd of January 2025 to 18th of January 2025 and 18th of January 2025 to 2nd of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ZCCM INVESTMENT HOLDINGS price movement. The serial correlation of 0.0 indicates that just 0.0% of current ZCCM INVESTMENT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ZCCM INVESTMENT HOLDINGS lagged returns against current returns
Autocorrelation, which is ZCCM INVESTMENT 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 ZCCM INVESTMENT's stock expected returns. We can calculate the autocorrelation of ZCCM INVESTMENT returns to help us make a trade decision. For example, suppose you find that ZCCM INVESTMENT 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 |
ZCCM INVESTMENT 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 ZCCM INVESTMENT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZCCM INVESTMENT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZCCM INVESTMENT stock over time.
Current vs Lagged Prices |
| Timeline |
ZCCM INVESTMENT Lagged Returns
When evaluating ZCCM INVESTMENT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZCCM INVESTMENT stock have on its future price. ZCCM INVESTMENT 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, ZCCM INVESTMENT autocorrelation shows the relationship between ZCCM INVESTMENT stock current value and its past values and can show if there is a momentum factor associated with investing in ZCCM INVESTMENT HOLDINGS.
Regressed Prices |
| Timeline |