Ziccum AB (Sweden) Market Value
| ZICC Stock | SEK 0.84 0.05 6.33% |
| Symbol | Ziccum |
Ziccum AB '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 Ziccum AB'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 Ziccum AB.
| 12/22/2022 |
| 12/11/2024 |
If you would invest 0.00 in Ziccum AB on December 22, 2022 and sell it all today you would earn a total of 0.00 from holding Ziccum AB or generate 0.0% return on investment in Ziccum AB over 720 days. Ziccum AB is related to or competes with Bavarian Nordic, BioPorto, Zaptec AS, and CBrain AS. Ziccum AB develops dry powder preparations of biological pharmaceuticals More
Ziccum AB 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 Ziccum AB'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 Ziccum AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 69.22 | |||
| Value At Risk | (12.38) | |||
| Potential Upside | 9.75 |
Ziccum AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ziccum AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ziccum AB's standard deviation. In reality, there are many statistical measures that can use Ziccum AB historical prices to predict the future Ziccum AB's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (1.93) | |||
| Total Risk Alpha | (3.31) | |||
| Treynor Ratio | 19.76 |
Ziccum AB Backtested Returns
Ziccum AB shows Sharpe Ratio of -0.22, which attests that the company had a -0.22% return per unit of risk over the last 3 months. Ziccum AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ziccum AB's Standard Deviation of 8.63, mean deviation of 5.07, and Market Risk Adjusted Performance of 19.77 to validate the risk estimate we provide. The firm maintains a market beta of -0.0982, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ziccum AB are expected to decrease at a much lower rate. During the bear market, Ziccum AB is likely to outperform the market. At this point, Ziccum AB has a negative expected return of -1.94%. Please make sure to check out Ziccum AB's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Ziccum AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
Ziccum AB has very good reverse predictability. Overlapping area represents the amount of predictability between Ziccum AB time series from 22nd of December 2022 to 17th of December 2023 and 17th of December 2023 to 11th 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 Ziccum AB price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Ziccum AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 3.57 |
Ziccum AB lagged returns against current returns
Autocorrelation, which is Ziccum AB 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 Ziccum AB's stock expected returns. We can calculate the autocorrelation of Ziccum AB returns to help us make a trade decision. For example, suppose you find that Ziccum AB 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 |
Ziccum AB 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 Ziccum AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ziccum AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ziccum AB stock over time.
Current vs Lagged Prices |
| Timeline |
Ziccum AB Lagged Returns
When evaluating Ziccum AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ziccum AB stock have on its future price. Ziccum AB 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, Ziccum AB autocorrelation shows the relationship between Ziccum AB stock current value and its past values and can show if there is a momentum factor associated with investing in Ziccum AB.
Regressed Prices |
| Timeline |
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Additional Tools for Ziccum Stock Analysis
When running Ziccum AB's price analysis, check to measure Ziccum AB'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 Ziccum AB is operating at the current time. Most of Ziccum AB's value examination focuses on studying past and present price action to predict the probability of Ziccum AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ziccum AB's price. Additionally, you may evaluate how the addition of Ziccum AB to your portfolios can decrease your overall portfolio volatility.