Zodiac Energy (India) Market Value
| ZODIAC Stock | 491.45 4.05 0.83% |
| Symbol | Zodiac |
Zodiac Energy '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 Zodiac Energy'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 Zodiac Energy.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Zodiac Energy on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Zodiac Energy Limited or generate 0.0% return on investment in Zodiac Energy over 60 days. Zodiac Energy is related to or competes with Speciality Restaurants, Associated Alcohols, Ravi Kumar, Cantabil Retail, HDFC Life, SBI Life, and Biofil Chemicals. Zodiac Energy is entity of India. It is traded as Stock on NSE exchange. More
Zodiac Energy 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 Zodiac Energy'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 Zodiac Energy Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 11.0 | |||
| Value At Risk | (4.49) | |||
| Potential Upside | 5.0 |
Zodiac Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zodiac Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zodiac Energy's standard deviation. In reality, there are many statistical measures that can use Zodiac Energy historical prices to predict the future Zodiac Energy's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | (1.65) |
Zodiac Energy Limited Backtested Returns
Zodiac Energy 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. Zodiac Energy Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zodiac Energy's Market Risk Adjusted Performance of (1.64), standard deviation of 3.05, and Mean Deviation of 2.41 to validate the risk estimate we provide. The firm maintains a market beta of 0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zodiac Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zodiac Energy is expected to be smaller as well. At this point, Zodiac Energy Limited has a negative expected return of -0.42%. Please make sure to check out Zodiac Energy's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if Zodiac Energy Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Zodiac Energy Limited has modest predictability. Overlapping area represents the amount of predictability between Zodiac Energy time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Zodiac Energy Limited price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Zodiac Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 1534.91 |
Zodiac Energy Limited lagged returns against current returns
Autocorrelation, which is Zodiac Energy 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 Zodiac Energy's stock expected returns. We can calculate the autocorrelation of Zodiac Energy returns to help us make a trade decision. For example, suppose you find that Zodiac Energy 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 |
Zodiac Energy 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 Zodiac Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zodiac Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zodiac Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Zodiac Energy Lagged Returns
When evaluating Zodiac Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zodiac Energy stock have on its future price. Zodiac Energy 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, Zodiac Energy autocorrelation shows the relationship between Zodiac Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Zodiac Energy Limited.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Zodiac Stock
Zodiac Energy financial ratios help investors to determine whether Zodiac 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 Zodiac with respect to the benefits of owning Zodiac Energy security.