Zee Entertainment (India) Market Value
| ZEEL Stock | 129.16 6.05 4.91% |
| Symbol | Zee |
Zee Entertainment '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 Zee Entertainment'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 Zee Entertainment.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Zee Entertainment on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Zee Entertainment Enterprises or generate 0.0% return on investment in Zee Entertainment over 30 days. Zee Entertainment is related to or competes with Xchanging Solutions, Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, Delta Manufacturing, and Tribhovandas Bhimji. Zee Entertainment is entity of India. It is traded as Stock on NSE exchange. More
Zee Entertainment 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 Zee Entertainment'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 Zee Entertainment Enterprises upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 10.44 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 4.91 |
Zee Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zee Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zee Entertainment's standard deviation. In reality, there are many statistical measures that can use Zee Entertainment historical prices to predict the future Zee Entertainment's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.27) |
Zee Entertainment Backtested Returns
Zee Entertainment shows Sharpe Ratio of -0.0471, which attests that the company had a -0.0471% return per unit of risk over the last 3 months. Zee Entertainment exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zee Entertainment's Mean Deviation of 1.74, market risk adjusted performance of (0.26), and Standard Deviation of 2.32 to validate the risk estimate we provide. The firm maintains a market beta of 0.57, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zee Entertainment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zee Entertainment is expected to be smaller as well. At this point, Zee Entertainment has a negative expected return of -0.11%. Please make sure to check out Zee Entertainment's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Zee Entertainment performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Zee Entertainment Enterprises has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Zee Entertainment time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Zee Entertainment price movement. The serial correlation of -0.77 indicates that around 77.0% of current Zee Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 13.58 |
Zee Entertainment lagged returns against current returns
Autocorrelation, which is Zee Entertainment 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 Zee Entertainment's stock expected returns. We can calculate the autocorrelation of Zee Entertainment returns to help us make a trade decision. For example, suppose you find that Zee Entertainment 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 |
Zee Entertainment 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 Zee Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zee Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zee Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Zee Entertainment Lagged Returns
When evaluating Zee Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zee Entertainment stock have on its future price. Zee Entertainment 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, Zee Entertainment autocorrelation shows the relationship between Zee Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Zee Entertainment Enterprises.
Regressed Prices |
| Timeline |
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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.Additional Tools for Zee Stock Analysis
When running Zee Entertainment's price analysis, check to measure Zee Entertainment'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 Zee Entertainment is operating at the current time. Most of Zee Entertainment's value examination focuses on studying past and present price action to predict the probability of Zee Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zee Entertainment's price. Additionally, you may evaluate how the addition of Zee Entertainment to your portfolios can decrease your overall portfolio volatility.