Zip Co (Australia) Market Value
| ZIP Stock | 3.21 0.04 1.26% |
| Symbol | Zip |
Zip Co '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 Zip Co'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 Zip Co.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Zip Co on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Zip Co Limited or generate 0.0% return on investment in Zip Co over 360 days. Zip Co is related to or competes with AiMedia Technologies, Seven West, Thorney Technologies, Skycity Entertainment, Macquarie Technology, and Australian Unity. Zip Co is entity of Australia. It is traded as Stock on AU exchange. More
Zip Co 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 Zip Co'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 Zip Co Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.92 | |||
| Information Ratio | 0.1262 | |||
| Maximum Drawdown | 18.08 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 7.11 |
Zip Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zip Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zip Co's standard deviation. In reality, there are many statistical measures that can use Zip Co historical prices to predict the future Zip Co's volatility.| Risk Adjusted Performance | 0.1303 | |||
| Jensen Alpha | 0.482 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.1701 | |||
| Treynor Ratio | 0.5504 |
Zip Co Limited Backtested Returns
Zip Co appears to be unstable, given 3 months investment horizon. Zip Co Limited shows Sharpe Ratio of 0.15, which attests that the company had a 0.15% return per unit of risk over the last 3 months. By examining Zip Co's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please utilize Zip Co's Mean Deviation of 3.04, market risk adjusted performance of 0.5604, and Downside Deviation of 2.92 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zip Co holds a performance score of 12. The firm maintains a market beta of 1.12, which attests to a somewhat significant risk relative to the market. Zip Co returns are very sensitive to returns on the market. As the market goes up or down, Zip Co is expected to follow. Please check Zip Co's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Zip Co's historical returns will revert.
Auto-correlation | 0.86 |
Very good predictability
Zip Co Limited has very good predictability. Overlapping area represents the amount of predictability between Zip Co time series from 30th of November 2023 to 28th of May 2024 and 28th of May 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 Zip Co Limited price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Zip Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Zip Co Limited lagged returns against current returns
Autocorrelation, which is Zip Co 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 Zip Co's stock expected returns. We can calculate the autocorrelation of Zip Co returns to help us make a trade decision. For example, suppose you find that Zip Co 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 |
Zip Co 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 Zip Co stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zip Co stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zip Co stock over time.
Current vs Lagged Prices |
| Timeline |
Zip Co Lagged Returns
When evaluating Zip Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zip Co stock have on its future price. Zip Co 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, Zip Co autocorrelation shows the relationship between Zip Co stock current value and its past values and can show if there is a momentum factor associated with investing in Zip Co Limited.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Zip Stock Analysis
When running Zip Co's price analysis, check to measure Zip Co'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 Zip Co is operating at the current time. Most of Zip Co's value examination focuses on studying past and present price action to predict the probability of Zip Co's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zip Co's price. Additionally, you may evaluate how the addition of Zip Co to your portfolios can decrease your overall portfolio volatility.