Zenith Energy (Norway) Market Value
| ZENA Stock | NOK 0.19 0.01 5.56% |
| Symbol | Zenith |
Zenith Energy '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 Zenith Energy'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 Zenith Energy.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Zenith Energy on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Zenith Energy or generate 0.0% return on investment in Zenith Energy over 30 days. Zenith Energy is related to or competes with Kongsberg Automotive, Questerre Energy, Okea ASA, and Hunter Group. Zenith Energy Ltd., together with its subsidiaries, explores for and develops oil and natural gas in Italy, the Republic... More
Zenith Energy 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 Zenith Energy'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 Zenith Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.23 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 21.11 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 10.53 |
Zenith Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zenith Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zenith Energy's standard deviation. In reality, there are many statistical measures that can use Zenith Energy historical prices to predict the future Zenith Energy's volatility.| Risk Adjusted Performance | 0.0133 | |||
| Jensen Alpha | 0.0434 | |||
| Total Risk Alpha | (0.77) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.12) |
Zenith Energy Backtested Returns
As of now, Zenith Stock is out of control. Zenith Energy shows Sharpe Ratio of 0.0228, which attests that the company had a 0.0228% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zenith Energy, which you can use to evaluate the volatility of the company. Please check out Zenith Energy's Mean Deviation of 3.05, downside deviation of 6.23, and Market Risk Adjusted Performance of (0.11) to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Zenith Energy has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of -0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zenith Energy are expected to decrease at a much lower rate. During the bear market, Zenith Energy is likely to outperform the market. Zenith Energy right now maintains a risk of 4.68%. Please check out Zenith Energy maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Zenith Energy will be following its historical returns.
Auto-correlation | 0.62 |
Good predictability
Zenith Energy has good predictability. Overlapping area represents the amount of predictability between Zenith Energy 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 Zenith Energy price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Zenith Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Zenith Energy lagged returns against current returns
Autocorrelation, which is Zenith Energy 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 Zenith Energy's stock expected returns. We can calculate the autocorrelation of Zenith Energy returns to help us make a trade decision. For example, suppose you find that Zenith Energy 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 |
Zenith Energy 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 Zenith Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zenith Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zenith Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Zenith Energy Lagged Returns
When evaluating Zenith Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zenith Energy stock have on its future price. Zenith Energy 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, Zenith Energy autocorrelation shows the relationship between Zenith Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Zenith Energy.
Regressed Prices |
| Timeline |
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Zenith Energy financial ratios help investors to determine whether Zenith 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 Zenith with respect to the benefits of owning Zenith Energy security.