ZION OIL (Germany) Market Value
| 3QO Stock | EUR 0.03 0.00 0.00% |
| Symbol | ZION |
ZION OIL '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 ZION OIL'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 ZION OIL.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in ZION OIL on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding ZION OIL GAS or generate 0.0% return on investment in ZION OIL over 90 days. ZION OIL is related to or competes with Wayside Technology, Eastman Chemical, PKSHA TECHNOLOGY, COMPUTERSHARE, X-FAB Silicon, SEKISUI CHEMICAL, and Siamgas. More
ZION OIL 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 ZION OIL'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 ZION OIL GAS upside and downside potential and time the market with a certain degree of confidence.
ZION OIL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZION OIL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZION OIL's standard deviation. In reality, there are many statistical measures that can use ZION OIL historical prices to predict the future ZION OIL's volatility.ZION OIL GAS Backtested Returns
We have found three technical indicators for ZION OIL GAS, which you can use to evaluate the volatility of the company. The firm maintains a market beta of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and ZION OIL are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
ZION OIL GAS has perfect predictability. Overlapping area represents the amount of predictability between ZION OIL time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 ZION OIL GAS price movement. The serial correlation of 1.0 indicates that 100.0% of current ZION OIL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ZION OIL GAS lagged returns against current returns
Autocorrelation, which is ZION OIL 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 ZION OIL's stock expected returns. We can calculate the autocorrelation of ZION OIL returns to help us make a trade decision. For example, suppose you find that ZION OIL 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 |
ZION OIL 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 ZION OIL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZION OIL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZION OIL stock over time.
Current vs Lagged Prices |
| Timeline |
ZION OIL Lagged Returns
When evaluating ZION OIL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZION OIL stock have on its future price. ZION OIL 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, ZION OIL autocorrelation shows the relationship between ZION OIL stock current value and its past values and can show if there is a momentum factor associated with investing in ZION OIL GAS.
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.Other Information on Investing in ZION Stock
ZION OIL financial ratios help investors to determine whether ZION 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 ZION with respect to the benefits of owning ZION OIL security.