Zignsec AB (Sweden) Market Value
| ZIGN Stock | SEK 1.35 0.03 2.17% |
| Symbol | Zignsec |
Zignsec 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 Zignsec 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 Zignsec AB.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Zignsec AB on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Zignsec AB or generate 0.0% return on investment in Zignsec AB over 30 days. Zignsec AB is related to or competes with Smart Eye, Embracer Group, and Sinch AB. ZignSec AB operates an identity service platform for companies to identify their customers digitally in real-time More
Zignsec 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 Zignsec 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 Zignsec AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | 0.1104 | |||
| Maximum Drawdown | 100.96 | |||
| Value At Risk | (4.03) | |||
| Potential Upside | 4.31 |
Zignsec AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zignsec AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zignsec AB's standard deviation. In reality, there are many statistical measures that can use Zignsec AB historical prices to predict the future Zignsec AB's volatility.| Risk Adjusted Performance | 0.1024 | |||
| Jensen Alpha | 1.47 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | 0.4858 | |||
| Treynor Ratio | (6.28) |
Zignsec AB Backtested Returns
Zignsec AB is out of control given 3 months investment horizon. Zignsec AB shows Sharpe Ratio of 0.12, which attests that the company had a 0.12% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.45% are justified by taking the suggested risk. Use Zignsec AB Downside Deviation of 2.71, market risk adjusted performance of (6.27), and Mean Deviation of 3.49 to evaluate company specific risk that cannot be diversified away. Zignsec AB holds a performance score of 9 on a scale of zero to a hundred. The firm maintains a market beta of -0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zignsec AB are expected to decrease at a much lower rate. During the bear market, Zignsec AB is likely to outperform the market. Use Zignsec AB total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to analyze future returns on Zignsec AB.
Auto-correlation | -0.57 |
Good reverse predictability
Zignsec AB has good reverse predictability. Overlapping area represents the amount of predictability between Zignsec AB time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Zignsec AB price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Zignsec AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Zignsec AB lagged returns against current returns
Autocorrelation, which is Zignsec 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 Zignsec AB's stock expected returns. We can calculate the autocorrelation of Zignsec AB returns to help us make a trade decision. For example, suppose you find that Zignsec 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 |
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Zignsec 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 Zignsec AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zignsec AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zignsec AB stock over time.
Current vs Lagged Prices |
| Timeline |
Zignsec AB Lagged Returns
When evaluating Zignsec AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zignsec AB stock have on its future price. Zignsec 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, Zignsec AB autocorrelation shows the relationship between Zignsec AB stock current value and its past values and can show if there is a momentum factor associated with investing in Zignsec AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Zignsec Stock Analysis
When running Zignsec AB's price analysis, check to measure Zignsec 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 Zignsec AB is operating at the current time. Most of Zignsec AB's value examination focuses on studying past and present price action to predict the probability of Zignsec 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 Zignsec AB's price. Additionally, you may evaluate how the addition of Zignsec AB to your portfolios can decrease your overall portfolio volatility.