Ziel Home's market value is the price at which a share of Ziel Home trades on a public exchange. It measures the collective expectations of Ziel Home Furnishing investors about its performance. Ziel Home is trading at 18.79 as of the 13th of January 2025, a 1.24% up since the beginning of the trading day. The stock's open price was 18.56. With this module, you can estimate the performance of a buy and hold strategy of Ziel Home Furnishing and determine expected loss or profit from investing in Ziel Home over a given investment horizon. Check out Ziel Home Correlation, Ziel Home Volatility and Ziel Home Alpha and Beta module to complement your research on Ziel Home.
Please note, there is a significant difference between Ziel Home's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ziel Home is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ziel Home'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.
Ziel Home '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 Ziel Home'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 Ziel Home.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ziel Home'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 Ziel Home Furnishing 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 Ziel Home's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ziel Home's standard deviation. In reality, there are many statistical measures that can use Ziel Home historical prices to predict the future Ziel Home's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ziel Home. Your research has to be compared to or analyzed against Ziel Home's peers to derive any actionable benefits. When done correctly, Ziel Home's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Ziel Home Furnishing.
Ziel Home Furnishing Backtested Returns
At this point, Ziel Home is not too volatile. Ziel Home Furnishing shows Sharpe Ratio of 0.0194, which attests that the company had a 0.0194% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ziel Home Furnishing, which you can use to evaluate the volatility of the company. Please check out Ziel Home's Mean Deviation of 2.04, downside deviation of 2.49, and Market Risk Adjusted Performance of (0.01) to validate if the risk estimate we provide is consistent with the expected return of 0.0503%. Ziel Home has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of -0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ziel Home are expected to decrease at a much lower rate. During the bear market, Ziel Home is likely to outperform the market. Ziel Home Furnishing right now maintains a risk of 2.59%. Please check out Ziel Home Furnishing semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Ziel Home Furnishing will be following its historical returns.
Auto-correlation
0.60
Good predictability
Ziel Home Furnishing has good predictability. Overlapping area represents the amount of predictability between Ziel Home time series from 14th of December 2024 to 29th of December 2024 and 29th of December 2024 to 13th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ziel Home Furnishing price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Ziel Home price fluctuation can be explain by its past prices.
Correlation Coefficient
0.6
Spearman Rank Test
0.07
Residual Average
0.0
Price Variance
0.18
Ziel Home Furnishing lagged returns against current returns
Autocorrelation, which is Ziel Home 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 Ziel Home's stock expected returns. We can calculate the autocorrelation of Ziel Home returns to help us make a trade decision. For example, suppose you find that Ziel Home 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
Ziel Home 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 Ziel Home stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ziel Home stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ziel Home stock over time.
Current vs Lagged Prices
Timeline
Ziel Home Lagged Returns
When evaluating Ziel Home's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ziel Home stock have on its future price. Ziel Home 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, Ziel Home autocorrelation shows the relationship between Ziel Home stock current value and its past values and can show if there is a momentum factor associated with investing in Ziel Home Furnishing.
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.
Ziel Home financial ratios help investors to determine whether Ziel 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 Ziel with respect to the benefits of owning Ziel Home security.