Zegona Communications (UK) Market Value
| ZEG Stock | 328.00 2.00 0.61% |
| Symbol | Zegona |
Zegona Communications '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 Zegona Communications' 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 Zegona Communications.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Zegona Communications on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Zegona Communications Plc or generate 0.0% return on investment in Zegona Communications over 30 days. Zegona Communications is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, State Bank, SoftBank Group, and Reliance Industries. Zegona Communications is entity of United Kingdom More
Zegona Communications 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 Zegona Communications' 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 Zegona Communications Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 14.66 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 2.76 |
Zegona Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zegona Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zegona Communications' standard deviation. In reality, there are many statistical measures that can use Zegona Communications historical prices to predict the future Zegona Communications' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 0.3994 |
Zegona Communications Plc Backtested Returns
Zegona Communications Plc shows Sharpe Ratio of -0.0354, which attests that the company had a -0.0354% return per unit of risk over the last 3 months. Zegona Communications Plc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zegona Communications' Market Risk Adjusted Performance of 0.4094, mean deviation of 1.4, and Standard Deviation of 2.05 to validate the risk estimate we provide. The firm maintains a market beta of -0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zegona Communications are expected to decrease at a much lower rate. During the bear market, Zegona Communications is likely to outperform the market. At this point, Zegona Communications Plc has a negative expected return of -0.0725%. Please make sure to check out Zegona Communications' total risk alpha, skewness, rate of daily change, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Zegona Communications Plc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Zegona Communications Plc has very good reverse predictability. Overlapping area represents the amount of predictability between Zegona Communications time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 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 Zegona Communications Plc price movement. The serial correlation of -0.69 indicates that around 69.0% of current Zegona Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 75.22 |
Zegona Communications Plc lagged returns against current returns
Autocorrelation, which is Zegona Communications 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 Zegona Communications' stock expected returns. We can calculate the autocorrelation of Zegona Communications returns to help us make a trade decision. For example, suppose you find that Zegona Communications 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 |
Zegona Communications 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 Zegona Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zegona Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zegona Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Zegona Communications Lagged Returns
When evaluating Zegona Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zegona Communications stock have on its future price. Zegona Communications 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, Zegona Communications autocorrelation shows the relationship between Zegona Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Zegona Communications Plc.
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.Other Information on Investing in Zegona Stock
Zegona Communications financial ratios help investors to determine whether Zegona Stock 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 Zegona with respect to the benefits of owning Zegona Communications security.