Zotye Automobile (China) Market Value
| 000980 Stock | 2.55 0.03 1.19% |
| Symbol | Zotye |
Zotye Automobile '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 Zotye Automobile'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 Zotye Automobile.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Zotye Automobile on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Zotye Automobile Co or generate 0.0% return on investment in Zotye Automobile over 720 days. Zotye Automobile is related to or competes with Biwin Storage, PetroChina, Industrial, China Construction, China Petroleum, Agricultural Bank, and Bank of China. Zotye Automobile is entity of China. It is traded as Stock on SHE exchange. More
Zotye Automobile 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 Zotye Automobile'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 Zotye Automobile Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.07 | |||
| Information Ratio | 0.1594 | |||
| Maximum Drawdown | 20.19 | |||
| Value At Risk | (6.28) | |||
| Potential Upside | 10.0 |
Zotye Automobile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zotye Automobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zotye Automobile's standard deviation. In reality, there are many statistical measures that can use Zotye Automobile historical prices to predict the future Zotye Automobile's volatility.| Risk Adjusted Performance | 0.1516 | |||
| Jensen Alpha | 0.9609 | |||
| Total Risk Alpha | 0.0902 | |||
| Sortino Ratio | 0.1936 | |||
| Treynor Ratio | (2.54) |
Zotye Automobile Backtested Returns
Zotye Automobile is dangerous given 3 months investment horizon. Zotye Automobile shows Sharpe Ratio of 0.21, which attests that the company had a 0.21% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.04% are justified by taking the suggested risk. Use Zotye Automobile Co Downside Deviation of 4.07, market risk adjusted performance of (2.53), and Mean Deviation of 3.75 to evaluate company specific risk that cannot be diversified away. Zotye Automobile holds a performance score of 16 on a scale of zero to a hundred. The firm maintains a market beta of -0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zotye Automobile are expected to decrease at a much lower rate. During the bear market, Zotye Automobile is likely to outperform the market. Use Zotye Automobile Co total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to analyze future returns on Zotye Automobile Co.
Auto-correlation | 0.52 |
Modest predictability
Zotye Automobile Co has modest predictability. Overlapping area represents the amount of predictability between Zotye Automobile time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Zotye Automobile price movement. The serial correlation of 0.52 indicates that about 52.0% of current Zotye Automobile price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Zotye Automobile lagged returns against current returns
Autocorrelation, which is Zotye Automobile 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 Zotye Automobile's stock expected returns. We can calculate the autocorrelation of Zotye Automobile returns to help us make a trade decision. For example, suppose you find that Zotye Automobile 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 |
Zotye Automobile 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 Zotye Automobile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zotye Automobile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zotye Automobile stock over time.
Current vs Lagged Prices |
| Timeline |
Zotye Automobile Lagged Returns
When evaluating Zotye Automobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zotye Automobile stock have on its future price. Zotye Automobile 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, Zotye Automobile autocorrelation shows the relationship between Zotye Automobile stock current value and its past values and can show if there is a momentum factor associated with investing in Zotye Automobile Co.
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.Other Information on Investing in Zotye Stock
Zotye Automobile financial ratios help investors to determine whether Zotye Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Zotye with respect to the benefits of owning Zotye Automobile security.