Zoo Digital Group Stock Market Value
| ZDGGF Stock | USD 0.47 0.00 0.00% |
| Symbol | ZOO |
ZOO Digital '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 ZOO Digital's pink sheet 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 ZOO Digital.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in ZOO Digital on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding ZOO Digital Group or generate 0.0% return on investment in ZOO Digital over 720 days. ZOO Digital is related to or competes with LifeSpeak, RESAAS Services, and RenoWorks Software. ZOO Digital Group plc, through its subsidiaries, provides cloud-based localisation and digital distribution services in ... More
ZOO Digital 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 ZOO Digital's pink sheet 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 ZOO Digital Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 36.77 |
ZOO Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZOO Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZOO Digital's standard deviation. In reality, there are many statistical measures that can use ZOO Digital historical prices to predict the future ZOO Digital's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (1.35) | |||
| Treynor Ratio | 1.52 |
ZOO Digital Group Backtested Returns
ZOO Digital Group shows Sharpe Ratio of -0.11, which attests that the company had a -0.11% return per unit of standard deviation over the last 3 months. ZOO Digital Group exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ZOO Digital's Standard Deviation of 4.91, mean deviation of 1.66, and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The firm maintains a market beta of -0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ZOO Digital are expected to decrease at a much lower rate. During the bear market, ZOO Digital is likely to outperform the market. At this point, ZOO Digital Group has a negative expected return of -0.53%. Please make sure to check out ZOO Digital's coefficient of variation and the relationship between the information ratio and day median price , to decide if ZOO Digital Group performance from the past will be repeated at some future point.
Auto-correlation | 0.38 |
Below average predictability
ZOO Digital Group has below average predictability. Overlapping area represents the amount of predictability between ZOO Digital time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 ZOO Digital Group price movement. The serial correlation of 0.38 indicates that just about 38.0% of current ZOO Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
ZOO Digital Group lagged returns against current returns
Autocorrelation, which is ZOO Digital pink sheet'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 ZOO Digital's pink sheet expected returns. We can calculate the autocorrelation of ZOO Digital returns to help us make a trade decision. For example, suppose you find that ZOO Digital has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
ZOO Digital 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 ZOO Digital pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZOO Digital pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZOO Digital pink sheet over time.
Current vs Lagged Prices |
| Timeline |
ZOO Digital Lagged Returns
When evaluating ZOO Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZOO Digital pink sheet have on its future price. ZOO Digital 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, ZOO Digital autocorrelation shows the relationship between ZOO Digital pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ZOO Digital Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ZOO Pink Sheet
ZOO Digital financial ratios help investors to determine whether ZOO Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ZOO with respect to the benefits of owning ZOO Digital security.