ZAMBIA FORESTRY (Zambia) Market Value
| ZFCO Stock | 2.97 0.10 3.48% |
| Symbol | ZAMBIA |
ZAMBIA FORESTRY '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 ZAMBIA FORESTRY'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 ZAMBIA FORESTRY.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in ZAMBIA FORESTRY on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding ZAMBIA FORESTRY AND or generate 0.0% return on investment in ZAMBIA FORESTRY over 720 days.
ZAMBIA FORESTRY 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 ZAMBIA FORESTRY'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 ZAMBIA FORESTRY AND upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0576 | |||
| Maximum Drawdown | 10.24 |
ZAMBIA FORESTRY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZAMBIA FORESTRY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZAMBIA FORESTRY's standard deviation. In reality, there are many statistical measures that can use ZAMBIA FORESTRY historical prices to predict the future ZAMBIA FORESTRY's volatility.| Risk Adjusted Performance | 0.1208 | |||
| Jensen Alpha | 0.2025 | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (14.34) |
ZAMBIA FORESTRY AND Backtested Returns
ZAMBIA FORESTRY appears to be slightly risky, given 3 months investment horizon. ZAMBIA FORESTRY AND shows Sharpe Ratio of 0.19, which attests that the company had a 0.19% return per unit of standard deviation over the last 3 months. We have found twenty technical indicators for ZAMBIA FORESTRY AND, which you can use to evaluate the volatility of the entity. Please utilize ZAMBIA FORESTRY's Standard Deviation of 1.39, mean deviation of 0.4724, and Risk Adjusted Performance of 0.1208 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ZAMBIA FORESTRY holds a performance score of 14. The firm maintains a market beta of -0.014, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ZAMBIA FORESTRY are expected to decrease at a much lower rate. During the bear market, ZAMBIA FORESTRY is likely to outperform the market. Please check ZAMBIA FORESTRY's kurtosis, rate of daily change, and the relationship between the skewness and daily balance of power , to make a quick decision on whether ZAMBIA FORESTRY's historical returns will revert.
Auto-correlation | 0.22 |
Weak predictability
ZAMBIA FORESTRY AND has weak predictability. Overlapping area represents the amount of predictability between ZAMBIA FORESTRY time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 ZAMBIA FORESTRY AND price movement. The serial correlation of 0.22 indicates that over 22.0% of current ZAMBIA FORESTRY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.97 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
ZAMBIA FORESTRY AND lagged returns against current returns
Autocorrelation, which is ZAMBIA FORESTRY 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 ZAMBIA FORESTRY's stock expected returns. We can calculate the autocorrelation of ZAMBIA FORESTRY returns to help us make a trade decision. For example, suppose you find that ZAMBIA FORESTRY 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 |
ZAMBIA FORESTRY 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 ZAMBIA FORESTRY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZAMBIA FORESTRY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZAMBIA FORESTRY stock over time.
Current vs Lagged Prices |
| Timeline |
ZAMBIA FORESTRY Lagged Returns
When evaluating ZAMBIA FORESTRY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZAMBIA FORESTRY stock have on its future price. ZAMBIA FORESTRY 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, ZAMBIA FORESTRY autocorrelation shows the relationship between ZAMBIA FORESTRY stock current value and its past values and can show if there is a momentum factor associated with investing in ZAMBIA FORESTRY AND.
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 ZAMBIA Stock Analysis
When running ZAMBIA FORESTRY's price analysis, check to measure ZAMBIA FORESTRY'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 ZAMBIA FORESTRY is operating at the current time. Most of ZAMBIA FORESTRY's value examination focuses on studying past and present price action to predict the probability of ZAMBIA FORESTRY's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZAMBIA FORESTRY's price. Additionally, you may evaluate how the addition of ZAMBIA FORESTRY to your portfolios can decrease your overall portfolio volatility.