Zhongan Online P Stock Market Value
| ZZHGY Stock | USD 1.85 0.00 0.00% |
| Symbol | ZhongAn |
ZhongAn Online '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 ZhongAn Online's pink sheet 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 ZhongAn Online.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in ZhongAn Online on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding ZhongAn Online P or generate 0.0% return on investment in ZhongAn Online over 30 days. ZhongAn Online is related to or competes with Progressive Corp, White Mountains, Chubb, W R, and Kinsale Capital. ZhongAn Online P C Insurance Co., Ltd., an Internet-based Insurtech company, provides internet insurance and insurance i... More
ZhongAn Online 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 ZhongAn Online's pink sheet 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 ZhongAn Online P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0037 | |||
| Maximum Drawdown | 52.69 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 2.78 |
ZhongAn Online Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZhongAn Online's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZhongAn Online's standard deviation. In reality, there are many statistical measures that can use ZhongAn Online historical prices to predict the future ZhongAn Online's volatility.| Risk Adjusted Performance | 0.0266 | |||
| Jensen Alpha | 0.2057 | |||
| Total Risk Alpha | (0.91) | |||
| Treynor Ratio | (0.29) |
ZhongAn Online P Backtested Returns
At this stage we consider ZhongAn Pink Sheet to be extremely dangerous. ZhongAn Online P shows Sharpe Ratio of 0.0235, which attests that the company had a 0.0235% return per unit of risk over the last 3 months. We have found nineteen technical indicators for ZhongAn Online P, which you can use to evaluate the volatility of the company. Please check out ZhongAn Online's Mean Deviation of 1.98, standard deviation of 6.72, and Market Risk Adjusted Performance of (0.28) to validate if the risk estimate we provide is consistent with the expected return of 0.16%. ZhongAn Online has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of -0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ZhongAn Online are expected to decrease at a much lower rate. During the bear market, ZhongAn Online is likely to outperform the market. ZhongAn Online P right now maintains a risk of 6.83%. Please check out ZhongAn Online P total risk alpha and day median price , to decide if ZhongAn Online P will be following its historical returns.
Auto-correlation | 0.00 |
No correlation between past and present
ZhongAn Online P has no correlation between past and present. Overlapping area represents the amount of predictability between ZhongAn Online time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 ZhongAn Online P price movement. The serial correlation of 0.0 indicates that just 0.0% of current ZhongAn Online price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ZhongAn Online P lagged returns against current returns
Autocorrelation, which is ZhongAn Online pink sheet'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 ZhongAn Online's pink sheet expected returns. We can calculate the autocorrelation of ZhongAn Online returns to help us make a trade decision. For example, suppose you find that ZhongAn Online has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
ZhongAn Online 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 ZhongAn Online pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZhongAn Online pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZhongAn Online pink sheet over time.
Current vs Lagged Prices |
| Timeline |
ZhongAn Online Lagged Returns
When evaluating ZhongAn Online's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZhongAn Online pink sheet have on its future price. ZhongAn Online 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, ZhongAn Online autocorrelation shows the relationship between ZhongAn Online pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ZhongAn Online P.
Regressed Prices |
| Timeline |
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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 ZhongAn Pink Sheet Analysis
When running ZhongAn Online's price analysis, check to measure ZhongAn Online'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 ZhongAn Online is operating at the current time. Most of ZhongAn Online's value examination focuses on studying past and present price action to predict the probability of ZhongAn Online's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZhongAn Online's price. Additionally, you may evaluate how the addition of ZhongAn Online to your portfolios can decrease your overall portfolio volatility.