Zinc Media (UK) Market Value
| ZIN Stock | 57.00 4.00 6.56% |
| Symbol | Zinc |
Zinc Media '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 Zinc Media'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 Zinc Media.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Zinc Media on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Zinc Media Group or generate 0.0% return on investment in Zinc Media over 90 days. Zinc Media is related to or competes with Endeavour Mining, Metals Exploration, Jacquet Metal, Hochschild Mining, CNH Industrial, Silvercorp Metals, and Gamma Communications. Zinc Media is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Zinc Media 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 Zinc Media'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 Zinc Media Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 14.01 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 3.39 |
Zinc Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zinc Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zinc Media's standard deviation. In reality, there are many statistical measures that can use Zinc Media historical prices to predict the future Zinc Media's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (1.44) |
Zinc Media Group Backtested Returns
Zinc Media Group 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. Zinc Media Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zinc Media's Mean Deviation of 1.2, market risk adjusted performance of (1.43), and Standard Deviation of 2.24 to validate the risk estimate we provide. The firm maintains a market beta of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zinc Media's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zinc Media is expected to be smaller as well. At this point, Zinc Media Group has a negative expected return of -0.28%. Please make sure to check out Zinc Media's daily balance of power, and the relationship between the skewness and day typical price , to decide if Zinc Media Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
Zinc Media Group has good predictability. Overlapping area represents the amount of predictability between Zinc Media time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 Zinc Media Group price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Zinc Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 5.5 |
Zinc Media Group lagged returns against current returns
Autocorrelation, which is Zinc Media 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 Zinc Media's stock expected returns. We can calculate the autocorrelation of Zinc Media returns to help us make a trade decision. For example, suppose you find that Zinc Media 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 |
Zinc Media 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 Zinc Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zinc Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zinc Media stock over time.
Current vs Lagged Prices |
| Timeline |
Zinc Media Lagged Returns
When evaluating Zinc Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zinc Media stock have on its future price. Zinc Media 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, Zinc Media autocorrelation shows the relationship between Zinc Media stock current value and its past values and can show if there is a momentum factor associated with investing in Zinc Media Group.
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.Other Information on Investing in Zinc Stock
Zinc Media financial ratios help investors to determine whether Zinc 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 Zinc with respect to the benefits of owning Zinc Media security.