Zinzino AB (Sweden) Market Value
| ZZ-B Stock | SEK 84.30 1.40 1.63% |
| Symbol | Zinzino |
Zinzino AB '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 Zinzino AB'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 Zinzino AB.
| 08/05/2023 |
| 11/27/2024 |
If you would invest 0.00 in Zinzino AB on August 5, 2023 and sell it all today you would earn a total of 0.00 from holding Zinzino AB Series or generate 0.0% return on investment in Zinzino AB over 480 days. Zinzino AB is related to or competes with EWork Group, Softronic, Niloerngruppen, Transtema Group, and Cantargia. Zinzino AB , a direct sales company, engages in the sales of coffee, coffee machines and accessories and research, devel... More
Zinzino AB 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 Zinzino AB'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 Zinzino AB Series upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.51 | |||
| Information Ratio | 0.0279 | |||
| Maximum Drawdown | 19.33 | |||
| Value At Risk | (3.25) | |||
| Potential Upside | 3.63 |
Zinzino AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zinzino AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zinzino AB's standard deviation. In reality, there are many statistical measures that can use Zinzino AB historical prices to predict the future Zinzino AB's volatility.| Risk Adjusted Performance | 0.0654 | |||
| Jensen Alpha | 0.0725 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0215 | |||
| Treynor Ratio | 0.1911 |
Zinzino AB Series Backtested Returns
Zinzino AB appears to be very steady, given 3 months investment horizon. Zinzino AB Series shows Sharpe Ratio of 0.0783, which attests that the company had a 0.0783% return per unit of risk over the last 3 months. We have found thirty technical indicators for Zinzino AB Series, which you can use to evaluate the volatility of the company. Please utilize Zinzino AB's Downside Deviation of 3.51, market risk adjusted performance of 0.2011, and Mean Deviation of 1.87 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zinzino AB holds a performance score of 6. The firm maintains a market beta of 1.02, which attests to a somewhat significant risk relative to the market. Zinzino AB returns are very sensitive to returns on the market. As the market goes up or down, Zinzino AB is expected to follow. Please check Zinzino AB's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Zinzino AB's historical returns will revert.
Auto-correlation | 0.87 |
Very good predictability
Zinzino AB Series has very good predictability. Overlapping area represents the amount of predictability between Zinzino AB time series from 5th of August 2023 to 1st of April 2024 and 1st of April 2024 to 27th 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 Zinzino AB Series price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Zinzino AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 79.14 |
Zinzino AB Series lagged returns against current returns
Autocorrelation, which is Zinzino AB 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 Zinzino AB's stock expected returns. We can calculate the autocorrelation of Zinzino AB returns to help us make a trade decision. For example, suppose you find that Zinzino AB 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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Zinzino AB 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 Zinzino AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zinzino AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zinzino AB stock over time.
Current vs Lagged Prices |
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Zinzino AB Lagged Returns
When evaluating Zinzino AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zinzino AB stock have on its future price. Zinzino AB 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, Zinzino AB autocorrelation shows the relationship between Zinzino AB stock current value and its past values and can show if there is a momentum factor associated with investing in Zinzino AB Series.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Zinzino Stock Analysis
When running Zinzino AB's price analysis, check to measure Zinzino AB'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 Zinzino AB is operating at the current time. Most of Zinzino AB's value examination focuses on studying past and present price action to predict the probability of Zinzino AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zinzino AB's price. Additionally, you may evaluate how the addition of Zinzino AB to your portfolios can decrease your overall portfolio volatility.