Zonte Metals Stock Market Value
| ZON Stock | CAD 0.07 0.01 16.67% |
| Symbol | Zonte |
Zonte Metals '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 Zonte Metals' 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 Zonte Metals.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Zonte Metals on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Zonte Metals or generate 0.0% return on investment in Zonte Metals over 360 days. Zonte Metals is related to or competes with Verizon Communications, Champion Iron, Hemisphere Energy, Quorum Information, Data Communications, Salesforce, and Computer Modelling. Zonte Metals Inc., a junior exploration company, acquires and explores for mineral properties in Canada More
Zonte Metals 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 Zonte Metals' 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 Zonte Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 33.33 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 16.67 |
Zonte Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zonte Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zonte Metals' standard deviation. In reality, there are many statistical measures that can use Zonte Metals historical prices to predict the future Zonte Metals' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (1.36) | |||
| Treynor Ratio | (2.20) |
Zonte Metals Backtested Returns
Zonte Metals shows Sharpe Ratio of -0.028, which attests that the company had a -0.028% return per unit of risk over the last 3 months. Zonte Metals exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zonte Metals' Market Risk Adjusted Performance of (2.19), mean deviation of 2.94, and Standard Deviation of 6.49 to validate the risk estimate we provide. The firm maintains a market beta of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zonte Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Zonte Metals is expected to be smaller as well. At this point, Zonte Metals has a negative expected return of -0.18%. Please make sure to check out Zonte Metals' treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Zonte Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Zonte Metals has very weak reverse predictability. Overlapping area represents the amount of predictability between Zonte Metals 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 Zonte Metals price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Zonte Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Zonte Metals lagged returns against current returns
Autocorrelation, which is Zonte Metals 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 Zonte Metals' stock expected returns. We can calculate the autocorrelation of Zonte Metals returns to help us make a trade decision. For example, suppose you find that Zonte Metals 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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Zonte Metals 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 Zonte Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zonte Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zonte Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Zonte Metals Lagged Returns
When evaluating Zonte Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zonte Metals stock have on its future price. Zonte Metals 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, Zonte Metals autocorrelation shows the relationship between Zonte Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Zonte Metals.
Regressed Prices |
| Timeline |
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Additional Tools for Zonte Stock Analysis
When running Zonte Metals' price analysis, check to measure Zonte Metals' 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 Zonte Metals is operating at the current time. Most of Zonte Metals' value examination focuses on studying past and present price action to predict the probability of Zonte Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zonte Metals' price. Additionally, you may evaluate how the addition of Zonte Metals to your portfolios can decrease your overall portfolio volatility.