Zoomermedia Limited Stock Market Value
| ZUM Stock | CAD 0.08 0.00 0.00% |
| Symbol | ZoomerMedia |
ZoomerMedia Limited Price To Book Ratio
ZoomerMedia '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 ZoomerMedia'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 ZoomerMedia.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in ZoomerMedia on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding ZoomerMedia Limited or generate 0.0% return on investment in ZoomerMedia over 570 days. ZoomerMedia is related to or competes with Westbond Enterprises, Thunderbird Entertainment, IShares Canadian, Altagas Cum, European Residential, RBC Discount, and IShares SPTSX. ZoomerMedia Limited operates as a multimedia company in Canada More
ZoomerMedia 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 ZoomerMedia'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 ZoomerMedia Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1167 | |||
| Maximum Drawdown | 166.67 |
ZoomerMedia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZoomerMedia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZoomerMedia's standard deviation. In reality, there are many statistical measures that can use ZoomerMedia historical prices to predict the future ZoomerMedia's volatility.| Risk Adjusted Performance | 0.104 | |||
| Jensen Alpha | 2.17 | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | 0.8764 |
ZoomerMedia Limited Backtested Returns
ZoomerMedia is out of control given 3 months investment horizon. ZoomerMedia Limited shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate seventeen different technical indicators, which can help you to evaluate if expected returns of 2.6% are justified by taking the suggested risk. Use ZoomerMedia Limited Market Risk Adjusted Performance of 0.8864, standard deviation of 20.52, and Mean Deviation of 4.97 to evaluate company specific risk that cannot be diversified away. ZoomerMedia holds a performance score of 9 on a scale of zero to a hundred. The firm maintains a market beta of 2.87, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ZoomerMedia will likely underperform. Use ZoomerMedia Limited risk adjusted performance, variance, as well as the relationship between the Variance and kurtosis , to analyze future returns on ZoomerMedia Limited.
Auto-correlation | -0.51 |
Good reverse predictability
ZoomerMedia Limited has good reverse predictability. Overlapping area represents the amount of predictability between ZoomerMedia time series from 4th of May 2023 to 13th of February 2024 and 13th of February 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 ZoomerMedia Limited price movement. The serial correlation of -0.51 indicates that about 51.0% of current ZoomerMedia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ZoomerMedia Limited lagged returns against current returns
Autocorrelation, which is ZoomerMedia 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 ZoomerMedia's stock expected returns. We can calculate the autocorrelation of ZoomerMedia returns to help us make a trade decision. For example, suppose you find that ZoomerMedia 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 |
ZoomerMedia 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 ZoomerMedia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZoomerMedia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZoomerMedia stock over time.
Current vs Lagged Prices |
| Timeline |
ZoomerMedia Lagged Returns
When evaluating ZoomerMedia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZoomerMedia stock have on its future price. ZoomerMedia 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, ZoomerMedia autocorrelation shows the relationship between ZoomerMedia stock current value and its past values and can show if there is a momentum factor associated with investing in ZoomerMedia Limited.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ZoomerMedia Stock Analysis
When running ZoomerMedia's price analysis, check to measure ZoomerMedia'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 ZoomerMedia is operating at the current time. Most of ZoomerMedia's value examination focuses on studying past and present price action to predict the probability of ZoomerMedia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZoomerMedia's price. Additionally, you may evaluate how the addition of ZoomerMedia to your portfolios can decrease your overall portfolio volatility.