Zicom (Australia) Market Value
| ZGL Stock | 0.06 0 1.75% |
| Symbol | Zicom |
Zicom '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 Zicom'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 Zicom.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Zicom on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Zicom Group or generate 0.0% return on investment in Zicom over 30 days. Zicom is related to or competes with Step One, TPG Telecom, Fisher Paykel, Capitol Health, and Healthco Healthcare. Zicom is entity of Australia. It is traded as Stock on AU exchange. More
Zicom 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 Zicom'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 Zicom Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 29.47 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 6.67 |
Zicom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zicom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zicom's standard deviation. In reality, there are many statistical measures that can use Zicom historical prices to predict the future Zicom's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (0.93) |
Zicom Group Backtested Returns
Zicom Group shows Sharpe Ratio of -0.0496, which attests that the company had a -0.0496% return per unit of risk over the last 3 months. Zicom Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zicom's Standard Deviation of 3.7, market risk adjusted performance of (0.92), and Mean Deviation of 1.72 to validate the risk estimate we provide. The firm maintains a market beta of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zicom's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zicom is expected to be smaller as well. At this point, Zicom Group has a negative expected return of -0.18%. Please make sure to check out Zicom's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Zicom Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.95 |
Excellent predictability
Zicom Group has excellent predictability. Overlapping area represents the amount of predictability between Zicom time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Zicom Group price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current Zicom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.95 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Zicom Group lagged returns against current returns
Autocorrelation, which is Zicom 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 Zicom's stock expected returns. We can calculate the autocorrelation of Zicom returns to help us make a trade decision. For example, suppose you find that Zicom 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 |
Zicom 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 Zicom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zicom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zicom stock over time.
Current vs Lagged Prices |
| Timeline |
Zicom Lagged Returns
When evaluating Zicom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zicom stock have on its future price. Zicom 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, Zicom autocorrelation shows the relationship between Zicom stock current value and its past values and can show if there is a momentum factor associated with investing in Zicom Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Zicom Stock Analysis
When running Zicom's price analysis, check to measure Zicom'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 Zicom is operating at the current time. Most of Zicom's value examination focuses on studying past and present price action to predict the probability of Zicom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zicom's price. Additionally, you may evaluate how the addition of Zicom to your portfolios can decrease your overall portfolio volatility.