Zedcor Energy Stock Market Value
| ZDC Stock | CAD 3.43 0.10 3.00% |
| Symbol | Zedcor |
Zedcor Energy Price To Book Ratio
Zedcor Energy '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 Zedcor Energy'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 Zedcor Energy.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Zedcor Energy on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Zedcor Energy or generate 0.0% return on investment in Zedcor Energy over 480 days. Zedcor Energy is related to or competes with Renoworks Software, Bewhere Holdings, NamSys, IShares Canadian, Altagas Cum, European Residential, and RBC Discount. Zedcor Energy Inc. engages in the rental of oilfield surface equipment and portable oilfield accommodations in Canada More
Zedcor Energy 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 Zedcor Energy'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 Zedcor Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.37 | |||
| Information Ratio | 0.2876 | |||
| Maximum Drawdown | 16.84 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 6.97 |
Zedcor Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zedcor Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zedcor Energy's standard deviation. In reality, there are many statistical measures that can use Zedcor Energy historical prices to predict the future Zedcor Energy's volatility.| Risk Adjusted Performance | 0.2573 | |||
| Jensen Alpha | 1.11 | |||
| Total Risk Alpha | 0.5712 | |||
| Sortino Ratio | 0.4204 | |||
| Treynor Ratio | 12.92 |
Zedcor Energy Backtested Returns
Zedcor Energy is relatively risky given 3 months investment horizon. Zedcor Energy shows Sharpe Ratio of 0.34, which attests that the company had a 0.34% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.19% are justified by taking the suggested risk. Use Zedcor Energy Downside Deviation of 2.37, mean deviation of 2.67, and Market Risk Adjusted Performance of 12.93 to evaluate company specific risk that cannot be diversified away. Zedcor Energy holds a performance score of 26 on a scale of zero to a hundred. The firm maintains a market beta of 0.0864, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zedcor Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zedcor Energy is expected to be smaller as well. Use Zedcor Energy total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to analyze future returns on Zedcor Energy.
Auto-correlation | 0.18 |
Very weak predictability
Zedcor Energy has very weak predictability. Overlapping area represents the amount of predictability between Zedcor Energy time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th 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 Zedcor Energy price movement. The serial correlation of 0.18 indicates that over 18.0% of current Zedcor Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Zedcor Energy lagged returns against current returns
Autocorrelation, which is Zedcor Energy 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 Zedcor Energy's stock expected returns. We can calculate the autocorrelation of Zedcor Energy returns to help us make a trade decision. For example, suppose you find that Zedcor Energy 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 |
Zedcor Energy 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 Zedcor Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zedcor Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zedcor Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Zedcor Energy Lagged Returns
When evaluating Zedcor Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zedcor Energy stock have on its future price. Zedcor Energy 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, Zedcor Energy autocorrelation shows the relationship between Zedcor Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Zedcor Energy.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Zedcor Stock Analysis
When running Zedcor Energy's price analysis, check to measure Zedcor Energy's 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 Zedcor Energy is operating at the current time. Most of Zedcor Energy's value examination focuses on studying past and present price action to predict the probability of Zedcor Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zedcor Energy's price. Additionally, you may evaluate how the addition of Zedcor Energy to your portfolios can decrease your overall portfolio volatility.