Zinus (Korea) Market Value
| 013890 Stock | 23,450 950.00 4.22% |
| Symbol | Zinus |
Zinus '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 Zinus' 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 Zinus.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in Zinus on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding Zinus Inc or generate 0.0% return on investment in Zinus over 180 days. Zinus is related to or competes with Cuckoo Electronics, GemVaxKAEL CoLtd, Design, Oriental Precision, Korean Air, and Namyang Dairy. More
Zinus 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 Zinus' 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 Zinus Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.87 | |||
| Information Ratio | 0.1029 | |||
| Maximum Drawdown | 21.64 | |||
| Value At Risk | (5.62) | |||
| Potential Upside | 7.04 |
Zinus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zinus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zinus' standard deviation. In reality, there are many statistical measures that can use Zinus historical prices to predict the future Zinus' volatility.| Risk Adjusted Performance | 0.0956 | |||
| Jensen Alpha | 0.4287 | |||
| Total Risk Alpha | 0.341 | |||
| Sortino Ratio | 0.1133 | |||
| Treynor Ratio | 0.3236 |
Zinus Inc Backtested Returns
Zinus appears to be very steady, given 3 months investment horizon. Zinus Inc shows Sharpe Ratio of 0.11, which attests that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zinus Inc, which you can use to evaluate the volatility of the company. Please utilize Zinus' Market Risk Adjusted Performance of 0.3336, mean deviation of 3.27, and Downside Deviation of 3.87 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zinus holds a performance score of 8. The firm maintains a market beta of 1.42, 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, Zinus will likely underperform. Please check Zinus' coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Zinus' historical returns will revert.
Auto-correlation | 0.23 |
Weak predictability
Zinus Inc has weak predictability. Overlapping area represents the amount of predictability between Zinus time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd 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 Zinus Inc price movement. The serial correlation of 0.23 indicates that over 23.0% of current Zinus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 4.2 M |
Zinus Inc lagged returns against current returns
Autocorrelation, which is Zinus 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 Zinus' stock expected returns. We can calculate the autocorrelation of Zinus returns to help us make a trade decision. For example, suppose you find that Zinus 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 |
Zinus 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 Zinus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zinus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zinus stock over time.
Current vs Lagged Prices |
| Timeline |
Zinus Lagged Returns
When evaluating Zinus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zinus stock have on its future price. Zinus 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, Zinus autocorrelation shows the relationship between Zinus stock current value and its past values and can show if there is a momentum factor associated with investing in Zinus Inc.
Regressed Prices |
| Timeline |
Pair Trading with Zinus
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Zinus position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Zinus will appreciate offsetting losses from the drop in the long position's value.Moving against Zinus Stock
| 0.69 | 302430 | Innometry | PairCorr |
| 0.58 | 053080 | Wonbang Tech | PairCorr |
| 0.57 | 033240 | Jahwa Electron | PairCorr |
| 0.55 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.31 | 215480 | Daewoo SBI SPAC | PairCorr |
The ability to find closely correlated positions to Zinus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zinus when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Zinus - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Zinus Inc to buy it.
The correlation of Zinus is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zinus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zinus Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Zinus can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Zinus Stock
Zinus financial ratios help investors to determine whether Zinus 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 Zinus with respect to the benefits of owning Zinus security.