Ziga Innovation (Thailand) Market Value
| ZIGA Stock | THB 1.83 0.02 1.08% |
| Symbol | Ziga |
Ziga Innovation '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 Ziga Innovation'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 Ziga Innovation.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Ziga Innovation on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Ziga Innovation Public or generate 0.0% return on investment in Ziga Innovation over 30 days. Ziga Innovation is related to or competes with Chewathai Public, AIRA Factoring, and G Capital. Ziga Innovation Public Company Limited manufactures and trades steel conduits and pipes in Thailand More
Ziga Innovation 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 Ziga Innovation'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 Ziga Innovation Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.12 | |||
| Information Ratio | 0.0497 | |||
| Maximum Drawdown | 36.15 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 5.77 |
Ziga Innovation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ziga Innovation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ziga Innovation's standard deviation. In reality, there are many statistical measures that can use Ziga Innovation historical prices to predict the future Ziga Innovation's volatility.| Risk Adjusted Performance | 0.0687 | |||
| Jensen Alpha | 0.3809 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0709 | |||
| Treynor Ratio | (1.05) |
Ziga Innovation Public Backtested Returns
As of now, Ziga Stock is very risky. Ziga Innovation Public shows Sharpe Ratio of 0.0333, which attests that the company had a 0.0333% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ziga Innovation Public, which you can use to evaluate the volatility of the company. Please check out Ziga Innovation's Downside Deviation of 3.12, mean deviation of 2.56, and Market Risk Adjusted Performance of (1.04) to validate if the risk estimate we provide is consistent with the expected return of 0.0834%. Ziga Innovation has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of -0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ziga Innovation are expected to decrease at a much lower rate. During the bear market, Ziga Innovation is likely to outperform the market. Ziga Innovation Public right now maintains a risk of 2.5%. Please check out Ziga Innovation Public total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Ziga Innovation Public will be following its historical returns.
Auto-correlation | 0.16 |
Very weak predictability
Ziga Innovation Public has very weak predictability. Overlapping area represents the amount of predictability between Ziga Innovation time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Ziga Innovation Public price movement. The serial correlation of 0.16 indicates that over 16.0% of current Ziga Innovation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ziga Innovation Public lagged returns against current returns
Autocorrelation, which is Ziga Innovation 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 Ziga Innovation's stock expected returns. We can calculate the autocorrelation of Ziga Innovation returns to help us make a trade decision. For example, suppose you find that Ziga Innovation 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 |
Ziga Innovation 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 Ziga Innovation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ziga Innovation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ziga Innovation stock over time.
Current vs Lagged Prices |
| Timeline |
Ziga Innovation Lagged Returns
When evaluating Ziga Innovation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ziga Innovation stock have on its future price. Ziga Innovation 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, Ziga Innovation autocorrelation shows the relationship between Ziga Innovation stock current value and its past values and can show if there is a momentum factor associated with investing in Ziga Innovation Public.
Regressed Prices |
| Timeline |
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Ziga Innovation financial ratios help investors to determine whether Ziga 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 Ziga with respect to the benefits of owning Ziga Innovation security.