Zero One (Taiwan) Market Value
| 3029 Stock | TWD 154.00 17.00 9.94% |
| Symbol | Zero |
Zero One '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 Zero One'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 Zero One.
| 12/25/2022 |
| 12/14/2024 |
If you would invest 0.00 in Zero One on December 25, 2022 and sell it all today you would earn a total of 0.00 from holding Zero One Technology or generate 0.0% return on investment in Zero One over 720 days. Zero One is related to or competes with AU Optronics, Innolux Corp, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. Zero One Technology Co., Ltd. engages in IT software and hardware equipment agency business More
Zero One 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 Zero One'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 Zero One Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.3 | |||
| Information Ratio | 0.207 | |||
| Maximum Drawdown | 19.94 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 9.81 |
Zero One Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zero One's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zero One's standard deviation. In reality, there are many statistical measures that can use Zero One historical prices to predict the future Zero One's volatility.| Risk Adjusted Performance | 0.1776 | |||
| Jensen Alpha | 0.8562 | |||
| Total Risk Alpha | 0.399 | |||
| Sortino Ratio | 0.2339 | |||
| Treynor Ratio | 11.74 |
Zero One Technology Backtested Returns
Zero One appears to be very steady, given 3 months investment horizon. Zero One Technology shows Sharpe Ratio of 0.23, which attests that the company had a 0.23% return per unit of risk over the last 3 months. By examining Zero One's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please utilize Zero One's Downside Deviation of 3.3, mean deviation of 2.56, and Market Risk Adjusted Performance of 11.75 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zero One holds a performance score of 17. The firm maintains a market beta of 0.0735, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zero One's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zero One is expected to be smaller as well. Please check Zero One's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether Zero One's historical returns will revert.
Auto-correlation | 0.68 |
Good predictability
Zero One Technology has good predictability. Overlapping area represents the amount of predictability between Zero One time series from 25th of December 2022 to 20th of December 2023 and 20th of December 2023 to 14th 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 Zero One Technology price movement. The serial correlation of 0.68 indicates that around 68.0% of current Zero One price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 248.28 |
Zero One Technology lagged returns against current returns
Autocorrelation, which is Zero One 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 Zero One's stock expected returns. We can calculate the autocorrelation of Zero One returns to help us make a trade decision. For example, suppose you find that Zero One 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 |
Zero One 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 Zero One stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zero One stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zero One stock over time.
Current vs Lagged Prices |
| Timeline |
Zero One Lagged Returns
When evaluating Zero One's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zero One stock have on its future price. Zero One 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, Zero One autocorrelation shows the relationship between Zero One stock current value and its past values and can show if there is a momentum factor associated with investing in Zero One Technology.
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 Zero Stock Analysis
When running Zero One's price analysis, check to measure Zero One'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 Zero One is operating at the current time. Most of Zero One's value examination focuses on studying past and present price action to predict the probability of Zero One's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zero One's price. Additionally, you may evaluate how the addition of Zero One to your portfolios can decrease your overall portfolio volatility.