ZAMBIA SUGAR (Zambia) Market Value
| ZSUG Stock | 36.04 0.06 0.17% |
| Symbol | ZAMBIA |
ZAMBIA SUGAR '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 ZAMBIA SUGAR'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 ZAMBIA SUGAR.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in ZAMBIA SUGAR on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding ZAMBIA SUGAR PLC or generate 0.0% return on investment in ZAMBIA SUGAR over 30 days.
ZAMBIA SUGAR 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 ZAMBIA SUGAR'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 ZAMBIA SUGAR PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 11.76 | |||
| Potential Upside | 0.2221 |
ZAMBIA SUGAR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZAMBIA SUGAR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZAMBIA SUGAR's standard deviation. In reality, there are many statistical measures that can use ZAMBIA SUGAR historical prices to predict the future ZAMBIA SUGAR's volatility.| Risk Adjusted Performance | 0.0311 | |||
| Jensen Alpha | 0.0332 | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 0.1896 |
ZAMBIA SUGAR PLC Backtested Returns
Currently, ZAMBIA SUGAR PLC is very steady. ZAMBIA SUGAR PLC shows Sharpe Ratio of 0.0325, which attests that the company had a 0.0325% return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for ZAMBIA SUGAR PLC, which you can use to evaluate the volatility of the entity. Please check out ZAMBIA SUGAR's Standard Deviation of 2.16, mean deviation of 0.5738, and Risk Adjusted Performance of 0.0311 to validate if the risk estimate we provide is consistent with the expected return of 0.0723%. ZAMBIA SUGAR has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ZAMBIA SUGAR's returns are expected to increase less than the market. However, during the bear market, the loss of holding ZAMBIA SUGAR is expected to be smaller as well. ZAMBIA SUGAR PLC currently maintains a risk of 2.23%. Please check out ZAMBIA SUGAR PLC skewness, accumulation distribution, and the relationship between the maximum drawdown and kurtosis , to decide if ZAMBIA SUGAR PLC will be following its historical returns.
Auto-correlation | -92,233,720,368,547,760 |
Near perfect reversele predictability
ZAMBIA SUGAR PLC has near perfect reversele predictability. Overlapping area represents the amount of predictability between ZAMBIA SUGAR time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 ZAMBIA SUGAR PLC price movement. The serial correlation of -9.223372036854776E16 indicates that 9.223372036854776E16% of current ZAMBIA SUGAR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -92233.7 T | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
ZAMBIA SUGAR PLC lagged returns against current returns
Autocorrelation, which is ZAMBIA SUGAR 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 ZAMBIA SUGAR's stock expected returns. We can calculate the autocorrelation of ZAMBIA SUGAR returns to help us make a trade decision. For example, suppose you find that ZAMBIA SUGAR 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 |
ZAMBIA SUGAR 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 ZAMBIA SUGAR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZAMBIA SUGAR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZAMBIA SUGAR stock over time.
Current vs Lagged Prices |
| Timeline |
ZAMBIA SUGAR Lagged Returns
When evaluating ZAMBIA SUGAR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZAMBIA SUGAR stock have on its future price. ZAMBIA SUGAR 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, ZAMBIA SUGAR autocorrelation shows the relationship between ZAMBIA SUGAR stock current value and its past values and can show if there is a momentum factor associated with investing in ZAMBIA SUGAR PLC.
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.Additional Tools for ZAMBIA Stock Analysis
When running ZAMBIA SUGAR's price analysis, check to measure ZAMBIA SUGAR'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 ZAMBIA SUGAR is operating at the current time. Most of ZAMBIA SUGAR's value examination focuses on studying past and present price action to predict the probability of ZAMBIA SUGAR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZAMBIA SUGAR's price. Additionally, you may evaluate how the addition of ZAMBIA SUGAR to your portfolios can decrease your overall portfolio volatility.