Zynex Inc Stock Market Value
| ZYXI Stock | USD 8.08 0.19 2.30% |
| Symbol | Zynex |
Zynex Inc Price To Book Ratio
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Zynex. If investors know Zynex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Zynex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.30) | Earnings Share 0.14 | Revenue Per Share | Quarterly Revenue Growth 0.001 | Return On Assets |
The market value of Zynex Inc is measured differently than its book value, which is the value of Zynex that is recorded on the company's balance sheet. Investors also form their own opinion of Zynex's value that differs from its market value or its book value, called intrinsic value, which is Zynex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Zynex's market value can be influenced by many factors that don't directly affect Zynex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Zynex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zynex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zynex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Zynex '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 Zynex'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 Zynex.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Zynex on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Zynex Inc or generate 0.0% return on investment in Zynex over 30 days. Zynex is related to or competes with Henry Schein, Owens Minor, Cardinal Health, Patterson Companies, McKesson, and EDAP TMS. Zynex, Inc., through its subsidiaries, designs, manufactures, and markets medical devices to treat chronic and acute pai... More
Zynex 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 Zynex'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 Zynex Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 18.02 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 4.5 |
Zynex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zynex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zynex's standard deviation. In reality, there are many statistical measures that can use Zynex historical prices to predict the future Zynex's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zynex's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Zynex Inc Backtested Returns
Zynex is somewhat reliable at the moment. Zynex Inc shows Sharpe Ratio of 0.0197, which attests that the company had a 0.0197 % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Zynex Inc, which you can use to evaluate the volatility of the company. Please check out Zynex's Market Risk Adjusted Performance of (0.07), standard deviation of 3.05, and Mean Deviation of 2.19 to validate if the risk estimate we provide is consistent with the expected return of 0.0555%. Zynex has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of 0.7, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zynex's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zynex is expected to be smaller as well. Zynex Inc right now maintains a risk of 2.82%. Please check out Zynex Inc treynor ratio and daily balance of power , to decide if Zynex Inc will be following its historical returns.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Zynex Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Zynex time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Zynex Inc price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Zynex price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Zynex Inc lagged returns against current returns
Autocorrelation, which is Zynex 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 Zynex's stock expected returns. We can calculate the autocorrelation of Zynex returns to help us make a trade decision. For example, suppose you find that Zynex 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 |
Zynex 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 Zynex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zynex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zynex stock over time.
Current vs Lagged Prices |
| Timeline |
Zynex Lagged Returns
When evaluating Zynex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zynex stock have on its future price. Zynex 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, Zynex autocorrelation shows the relationship between Zynex stock current value and its past values and can show if there is a momentum factor associated with investing in Zynex Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Zynex Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Zynex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Zynex Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Zynex Inc Stock:Check out Zynex Correlation, Zynex Volatility and Zynex Alpha and Beta module to complement your research on Zynex. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Zynex technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.