Zenatech Stock Market Value
| ZENA Stock | 7.26 1.59 17.97% |
| Symbol | ZenaTech |
Is Business 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 ZenaTech. If investors know ZenaTech 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 ZenaTech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.03) | Revenue Per Share 0.114 | Quarterly Revenue Growth (0.18) | Return On Assets 0.0098 | Return On Equity (0.04) |
The market value of ZenaTech is measured differently than its book value, which is the value of ZenaTech that is recorded on the company's balance sheet. Investors also form their own opinion of ZenaTech's value that differs from its market value or its book value, called intrinsic value, which is ZenaTech'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 ZenaTech's market value can be influenced by many factors that don't directly affect ZenaTech'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 ZenaTech's value and its price as these two are different measures arrived at by different means. Investors typically determine if ZenaTech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZenaTech'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.
ZenaTech '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 ZenaTech'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 ZenaTech.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in ZenaTech on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding ZenaTech or generate 0.0% return on investment in ZenaTech over 30 days. ZenaTech is related to or competes with Usio, Uber Technologies, Trupanion, Hanover Insurance, Aspen Insurance, Siriuspoint, and QBE Insurance. ZenaTech is entity of United States. It is traded as Stock on NASDAQ exchange. More
ZenaTech 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 ZenaTech'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 ZenaTech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.43 | |||
| Information Ratio | 0.0869 | |||
| Maximum Drawdown | 282.54 | |||
| Value At Risk | (27.84) | |||
| Potential Upside | 38.42 |
ZenaTech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZenaTech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZenaTech's standard deviation. In reality, there are many statistical measures that can use ZenaTech historical prices to predict the future ZenaTech's volatility.| Risk Adjusted Performance | 0.0785 | |||
| Jensen Alpha | 2.8 | |||
| Total Risk Alpha | (2.56) | |||
| Sortino Ratio | 0.2569 | |||
| Treynor Ratio | 0.4272 |
ZenaTech Backtested Returns
ZenaTech is abnormally volatile given 3 months investment horizon. ZenaTech shows Sharpe Ratio of 0.0889, which attests that the company had a 0.0889% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 3.75% are justified by taking the suggested risk. Use ZenaTech Downside Deviation of 14.43, market risk adjusted performance of 0.4372, and Mean Deviation of 18.54 to evaluate company specific risk that cannot be diversified away. ZenaTech holds a performance score of 7 on a scale of zero to a hundred. The firm maintains a market beta of 8.94, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ZenaTech will likely underperform. Use ZenaTech skewness, day typical price, and the relationship between the downside variance and daily balance of power , to analyze future returns on ZenaTech.
Auto-correlation | -0.57 |
Good reverse predictability
ZenaTech has good reverse predictability. Overlapping area represents the amount of predictability between ZenaTech time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 ZenaTech price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current ZenaTech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 11.04 |
ZenaTech lagged returns against current returns
Autocorrelation, which is ZenaTech 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 ZenaTech's stock expected returns. We can calculate the autocorrelation of ZenaTech returns to help us make a trade decision. For example, suppose you find that ZenaTech 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 |
ZenaTech 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 ZenaTech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZenaTech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZenaTech stock over time.
Current vs Lagged Prices |
| Timeline |
ZenaTech Lagged Returns
When evaluating ZenaTech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZenaTech stock have on its future price. ZenaTech 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, ZenaTech autocorrelation shows the relationship between ZenaTech stock current value and its past values and can show if there is a momentum factor associated with investing in ZenaTech.
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 ZenaTech offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ZenaTech's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Zenatech Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Zenatech Stock:Check out ZenaTech Correlation, ZenaTech Volatility and ZenaTech Alpha and Beta module to complement your research on ZenaTech. For information on how to trade ZenaTech Stock refer to our How to Trade ZenaTech Stock guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
ZenaTech 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.