Zicix Corp Stock Market Value
| ZICX Stock | USD 0.0007 0.0002 22.22% |
| Symbol | Zicix |
Zicix Corp '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 Zicix Corp's pink sheet 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 Zicix Corp.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Zicix Corp on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Zicix Corp or generate 0.0% return on investment in Zicix Corp over 720 days. Zicix Corp is related to or competes with Salesforce, S A P, ServiceNow, Intuit, Uber Technologies, Shopify, and Applovin Corp. Zicix Corporation, through its subsidiary, Texas Mobile Health, Inc., provides diagnostic medical imaging services in Ho... More
Zicix Corp 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 Zicix Corp's pink sheet 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 Zicix Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 25.77 | |||
| Information Ratio | 0.1203 | |||
| Maximum Drawdown | 121.15 | |||
| Value At Risk | (22.22) | |||
| Potential Upside | 42.86 |
Zicix Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zicix Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zicix Corp's standard deviation. In reality, there are many statistical measures that can use Zicix Corp historical prices to predict the future Zicix Corp's volatility.| Risk Adjusted Performance | 0.1058 | |||
| Jensen Alpha | 2.38 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0869 | |||
| Treynor Ratio | (5.37) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zicix Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Zicix Corp Backtested Returns
Zicix Corp is out of control given 3 months investment horizon. Zicix Corp shows Sharpe Ratio of 0.0757, which attests that the company had a 0.0757% return per unit of risk over the last 3 months. We were able to break down twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.25% are justified by taking the suggested risk. Use Zicix Corp Market Risk Adjusted Performance of (5.36), mean deviation of 10.06, and Downside Deviation of 25.77 to evaluate company specific risk that cannot be diversified away. Zicix Corp holds a performance score of 5 on a scale of zero to a hundred. The firm maintains a market beta of -0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zicix Corp are expected to decrease at a much lower rate. During the bear market, Zicix Corp is likely to outperform the market. Use Zicix Corp sortino ratio, as well as the relationship between the semi variance and day median price , to analyze future returns on Zicix Corp.
Auto-correlation | 0.09 |
Virtually no predictability
Zicix Corp has virtually no predictability. Overlapping area represents the amount of predictability between Zicix Corp time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Zicix Corp price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Zicix Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Zicix Corp lagged returns against current returns
Autocorrelation, which is Zicix Corp pink sheet'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 Zicix Corp's pink sheet expected returns. We can calculate the autocorrelation of Zicix Corp returns to help us make a trade decision. For example, suppose you find that Zicix Corp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Zicix Corp 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 Zicix Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zicix Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zicix Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Zicix Corp Lagged Returns
When evaluating Zicix Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zicix Corp pink sheet have on its future price. Zicix Corp 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, Zicix Corp autocorrelation shows the relationship between Zicix Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Zicix Corp.
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 Zicix Pink Sheet Analysis
When running Zicix Corp's price analysis, check to measure Zicix Corp'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 Zicix Corp is operating at the current time. Most of Zicix Corp's value examination focuses on studying past and present price action to predict the probability of Zicix Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zicix Corp's price. Additionally, you may evaluate how the addition of Zicix Corp to your portfolios can decrease your overall portfolio volatility.