ZhongAn Online (Germany) Market Value
| 1ZO Stock | 1.43 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 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.
| 11/30/2024 |
| 12/30/2024 |
If you would invest 0.00 in ZhongAn Online on November 30, 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 Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. 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.
| Downside Deviation | 4.76 | |||
| Information Ratio | 0.0818 | |||
| Maximum Drawdown | 43.77 | |||
| Value At Risk | (5.20) | |||
| Potential Upside | 13.73 |
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 | 0.0783 | |||
| Jensen Alpha | 0.4748 | |||
| Total Risk Alpha | 0.3352 | |||
| Sortino Ratio | 0.0997 | |||
| Treynor Ratio | 0.5025 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ZhongAn Online's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ZhongAn Online P Backtested Returns
ZhongAn Online P shows Sharpe Ratio of -0.0517, which attests that the company had a -0.0517% return per unit of risk over the last 3 months. ZhongAn Online P exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ZhongAn Online's Market Risk Adjusted Performance of 0.5125, downside deviation of 4.76, and Mean Deviation of 3.53 to validate the risk estimate we provide. The firm maintains a market beta of 0.99, which attests to possible diversification benefits within a given portfolio. ZhongAn Online returns are very sensitive to returns on the market. As the market goes up or down, ZhongAn Online is expected to follow. At this point, ZhongAn Online P has a negative expected return of -0.25%. Please make sure to check out ZhongAn Online's value at risk, kurtosis, and the relationship between the sortino ratio and semi variance , to decide if ZhongAn Online P performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
ZhongAn Online P has weak reverse predictability. Overlapping area represents the amount of predictability between ZhongAn Online time series from 30th of November 2024 to 15th of December 2024 and 15th of December 2024 to 30th 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 -0.25 indicates that over 25.0% of current ZhongAn Online price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ZhongAn Stock 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.