Zedge Inc Stock Market Value
| ZDGE Stock | USD 2.55 0.16 5.90% |
| Symbol | Zedge |
Zedge Inc Price To Book Ratio
Is Interactive Media & Services 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 Zedge. If investors know Zedge 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 Zedge listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.96) | Earnings Share (0.65) | Revenue Per Share 2.135 | Quarterly Revenue Growth 0.143 | Return On Assets 0.0023 |
The market value of Zedge Inc is measured differently than its book value, which is the value of Zedge that is recorded on the company's balance sheet. Investors also form their own opinion of Zedge's value that differs from its market value or its book value, called intrinsic value, which is Zedge's 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 Zedge's market value can be influenced by many factors that don't directly affect Zedge's 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 Zedge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zedge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zedge's 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.
Zedge '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 Zedge'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 Zedge.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Zedge on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Zedge Inc or generate 0.0% return on investment in Zedge over 720 days. Zedge is related to or competes with Digital Ally, 36Kr Holdings, Onfolio Holdings, Zhihu, Asset Entities, IZEA, and MediaAlpha. Zedge, Inc. operates a digital publishing and content platform worldwide More
Zedge 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 Zedge'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 Zedge Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 19.78 | |||
| Value At Risk | (6.17) | |||
| Potential Upside | 5.35 |
Zedge Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zedge's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zedge's standard deviation. In reality, there are many statistical measures that can use Zedge historical prices to predict the future Zedge's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (0.72) |
Zedge Inc Backtested Returns
Zedge Inc shows Sharpe Ratio of -0.11, which attests that the company had a -0.11% return per unit of risk over the last 3 months. Zedge Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zedge's Market Risk Adjusted Performance of (0.71), standard deviation of 3.77, and Mean Deviation of 2.92 to validate the risk estimate we provide. The firm maintains a market beta of 0.46, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zedge's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zedge is expected to be smaller as well. At this point, Zedge Inc has a negative expected return of -0.42%. Please make sure to check out Zedge's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Zedge Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Zedge Inc has below average predictability. Overlapping area represents the amount of predictability between Zedge time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Zedge Inc price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Zedge price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Zedge Inc lagged returns against current returns
Autocorrelation, which is Zedge 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 Zedge's stock expected returns. We can calculate the autocorrelation of Zedge returns to help us make a trade decision. For example, suppose you find that Zedge 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 |
Zedge 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 Zedge stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zedge stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zedge stock over time.
Current vs Lagged Prices |
| Timeline |
Zedge Lagged Returns
When evaluating Zedge's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zedge stock have on its future price. Zedge 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, Zedge autocorrelation shows the relationship between Zedge stock current value and its past values and can show if there is a momentum factor associated with investing in Zedge Inc.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Zedge Inc is a strong investment it is important to analyze Zedge's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Zedge's future performance. For an informed investment choice regarding Zedge Stock, refer to the following important reports:Check out Zedge Correlation, Zedge Volatility and Zedge Alpha and Beta module to complement your research on Zedge. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Zedge technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.