ZhongAn Online's market value is the price at which a share of ZhongAn Online trades on a public exchange. It measures the collective expectations of ZhongAn Online P investors about its performance. ZhongAn Online is trading at 1.42 as of the 31st of December 2024. This is a 0.7 percent decrease since the beginning of the trading day. The stock's lowest day price was 1.42. With this module, you can estimate the performance of a buy and hold strategy of ZhongAn Online P and determine expected loss or profit from investing in ZhongAn Online over a given investment horizon. Check out ZhongAn Online Correlation, ZhongAn Online Volatility and ZhongAn Online Alpha and Beta module to complement your research on ZhongAn Online.
Please note, there is a significant difference between ZhongAn Online's value and its price as these two are different measures arrived at by different means. Investors typically determine if ZhongAn Online is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZhongAn Online'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.
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 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 ZhongAn Online.
0.00
01/06/2024
No Change 0.00
0.0
In 11 months and 27 days
12/31/2024
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If you would invest 0.00 in ZhongAn Online on January 6, 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 360 days. ZhongAn Online is related to or competes with ELMOS SEMICONDUCTOR, ATRESMEDIA, TOWNSQUARE MEDIA, and BE Semiconductor. ZhongAn Online P C Insurance Co., Ltd., an internet-based insuretech company, provides internet insurance and insurance ... 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 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 ZhongAn Online P upside and downside potential and time the market with a certain degree of confidence.
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.
ZhongAn Online P shows Sharpe Ratio of -0.13, which attests that the company had a -0.13% return per unit of risk over the last 3 months. ZhongAn Online P exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ZhongAn Online's Mean Deviation of 3.25, downside deviation of 4.91, and Market Risk Adjusted Performance of (0.25) to validate the risk estimate we provide. The firm maintains a market beta of -1.59, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ZhongAn Online are expected to decrease by larger amounts. On the other hand, during market turmoil, ZhongAn Online is expected to outperform it. At this point, ZhongAn Online P has a negative expected return of -0.51%. Please make sure to check out ZhongAn Online's coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to decide if ZhongAn Online P performance from the past will be repeated at some point in the near future.
Auto-correlation
0.36
Below average predictability
ZhongAn Online P has below average predictability. Overlapping area represents the amount of predictability between ZhongAn Online time series from 6th of January 2024 to 4th of July 2024 and 4th of July 2024 to 31st 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 ZhongAn Online P price movement. The serial correlation of 0.36 indicates that just about 36.0% of current ZhongAn Online price fluctuation can be explain by its past prices.
Correlation Coefficient
0.36
Spearman Rank Test
0.05
Residual Average
0.0
Price Variance
0.05
ZhongAn Online P lagged returns against current returns
Autocorrelation, which is ZhongAn Online 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 ZhongAn Online's stock 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 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
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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZhongAn Online stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZhongAn Online stock 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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in ZhongAn Online P.
ZhongAn Online financial ratios help investors to determine whether ZhongAn 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 ZhongAn with respect to the benefits of owning ZhongAn Online security.