Zenitron Corp (Taiwan) Market Value
| 3028 Stock | TWD 33.65 0.05 0.15% |
| Symbol | Zenitron |
Zenitron Corp '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 Zenitron Corp'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 Zenitron Corp.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Zenitron Corp on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Zenitron Corp or generate 0.0% return on investment in Zenitron Corp over 90 days. Zenitron Corp is related to or competes with Weikeng Industrial, WT Microelectronics, Edom Technology, Wah Lee, and Test Research. Zenitron Corporation distributes semiconductor components in Taiwan, China, and Hong Kong More
Zenitron Corp 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 Zenitron Corp'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 Zenitron Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7079 | |||
| Information Ratio | 0.2314 | |||
| Maximum Drawdown | 5.62 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 1.4 |
Zenitron Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zenitron Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zenitron Corp's standard deviation. In reality, there are many statistical measures that can use Zenitron Corp historical prices to predict the future Zenitron Corp's volatility.| Risk Adjusted Performance | 0.1118 | |||
| Jensen Alpha | 0.117 | |||
| Total Risk Alpha | 0.2308 | |||
| Sortino Ratio | 0.3114 | |||
| Treynor Ratio | 2.19 |
Zenitron Corp Backtested Returns
Zenitron Corp appears to be very steady, given 3 months investment horizon. Zenitron Corp 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 have found thirty technical indicators for Zenitron Corp, which you can use to evaluate the volatility of the company. Please utilize Zenitron Corp's Downside Deviation of 0.7079, mean deviation of 0.5914, and Market Risk Adjusted Performance of 2.2 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zenitron Corp holds a performance score of 16. The firm maintains a market beta of 0.0509, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zenitron Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zenitron Corp is expected to be smaller as well. Please check Zenitron Corp's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Zenitron Corp's historical returns will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
Zenitron Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Zenitron Corp time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Zenitron Corp price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Zenitron Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 1.96 |
Zenitron Corp lagged returns against current returns
Autocorrelation, which is Zenitron Corp 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 Zenitron Corp's stock expected returns. We can calculate the autocorrelation of Zenitron Corp returns to help us make a trade decision. For example, suppose you find that Zenitron Corp 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 |
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Zenitron Corp 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 Zenitron Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zenitron Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zenitron Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Zenitron Corp Lagged Returns
When evaluating Zenitron Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zenitron Corp stock have on its future price. Zenitron Corp 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, Zenitron Corp autocorrelation shows the relationship between Zenitron Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Zenitron Corp.
Regressed Prices |
| Timeline |
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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.Additional Tools for Zenitron Stock Analysis
When running Zenitron Corp's price analysis, check to measure Zenitron Corp'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 Zenitron Corp is operating at the current time. Most of Zenitron Corp's value examination focuses on studying past and present price action to predict the probability of Zenitron Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zenitron Corp's price. Additionally, you may evaluate how the addition of Zenitron Corp to your portfolios can decrease your overall portfolio volatility.