Zenitron Corp (Taiwan) Market Value

3028 Stock  TWD 32.90  0.25  0.77%   
Zenitron Corp's market value is the price at which a share of Zenitron Corp trades on a public exchange. It measures the collective expectations of Zenitron Corp investors about its performance. Zenitron Corp is selling for under 32.90 as of the 5th of March 2025; that is 0.77% increase since the beginning of the trading day. The stock's lowest day price was 32.5.
With this module, you can estimate the performance of a buy and hold strategy of Zenitron Corp and determine expected loss or profit from investing in Zenitron Corp over a given investment horizon. Check out Zenitron Corp Correlation, Zenitron Corp Volatility and Zenitron Corp Alpha and Beta module to complement your research on Zenitron Corp.
Symbol

Please note, there is a significant difference between Zenitron Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zenitron Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zenitron Corp'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.

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.
0.00
02/03/2025
No Change 0.00  0.0 
In 30 days
03/05/2025
0.00
If you would invest  0.00  in Zenitron Corp on February 3, 2025 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 30 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.

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.
Hype
Prediction
LowEstimatedHigh
31.9632.9033.84
Details
Intrinsic
Valuation
LowRealHigh
29.6134.9535.89
Details
Naive
Forecast
LowNextHigh
32.6933.6334.57
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
27.9430.0032.07
Details

Zenitron Corp Backtested Returns

At this stage we consider Zenitron Stock to be very steady. Zenitron Corp shows Sharpe Ratio of 0.17, which attests that the company had a 0.17 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zenitron Corp, which you can use to evaluate the volatility of the company. Please check out Zenitron Corp's Market Risk Adjusted Performance of (1.57), mean deviation of 0.552, and Downside Deviation of 0.6945 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. Zenitron Corp has a performance score of 13 on a scale of 0 to 100. The firm maintains a market beta of -0.093, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zenitron Corp are expected to decrease at a much lower rate. During the bear market, Zenitron Corp is likely to outperform the market. Zenitron Corp right now maintains a risk of 0.93%. Please check out Zenitron Corp downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Zenitron Corp will be following its historical returns.

Auto-correlation

    
  0.63  

Good predictability

Zenitron Corp has good predictability. Overlapping area represents the amount of predictability between Zenitron Corp time series from 3rd of February 2025 to 18th of February 2025 and 18th of February 2025 to 5th 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 0.63 indicates that roughly 63.0% of current Zenitron Corp price fluctuation can be explain by its past prices.
Correlation Coefficient0.63
Spearman Rank Test0.65
Residual Average0.0
Price Variance1.0

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   
       Timeline  

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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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.