Zhongsheng Group (Germany) Market Value
| 5Z0 Stock | EUR 1.82 0.06 3.19% |
| Symbol | Zhongsheng |
Zhongsheng Group '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 Zhongsheng Group'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 Zhongsheng Group.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in Zhongsheng Group on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding Zhongsheng Group Holdings or generate 0.0% return on investment in Zhongsheng Group over 720 days. Zhongsheng Group is related to or competes with Bank of America, Boyd Gaming, JAPAN TOBACCO, PENN NATL, Internet Thailand, and British American. Zhongsheng Group Holdings Limited, an investment holding company, engages in the sale and service of motor vehicles More
Zhongsheng Group 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 Zhongsheng Group'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 Zhongsheng Group Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.77 | |||
| Information Ratio | 0.1501 | |||
| Maximum Drawdown | 33.06 | |||
| Value At Risk | (7.21) | |||
| Potential Upside | 15.07 |
Zhongsheng Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhongsheng Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhongsheng Group's standard deviation. In reality, there are many statistical measures that can use Zhongsheng Group historical prices to predict the future Zhongsheng Group's volatility.| Risk Adjusted Performance | 0.1316 | |||
| Jensen Alpha | 1.01 | |||
| Total Risk Alpha | 0.8292 | |||
| Sortino Ratio | 0.208 | |||
| Treynor Ratio | 3.02 |
Zhongsheng Group Holdings Backtested Returns
Zhongsheng Group is extremely dangerous given 3 months investment horizon. Zhongsheng Group Holdings shows Sharpe Ratio of 0.16, which attests that the company had a 0.16% return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.04% are justified by taking the suggested risk. Use Zhongsheng Group Holdings Mean Deviation of 4.53, downside deviation of 4.77, and Market Risk Adjusted Performance of 3.03 to evaluate company specific risk that cannot be diversified away. Zhongsheng Group holds a performance score of 12 on a scale of zero to a hundred. The firm maintains a market beta of 0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zhongsheng Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhongsheng Group is expected to be smaller as well. Use Zhongsheng Group Holdings information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Zhongsheng Group Holdings.
Auto-correlation | -0.57 |
Good reverse predictability
Zhongsheng Group Holdings has good reverse predictability. Overlapping area represents the amount of predictability between Zhongsheng Group time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 Zhongsheng Group Holdings price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Zhongsheng Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Zhongsheng Group Holdings lagged returns against current returns
Autocorrelation, which is Zhongsheng Group 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 Zhongsheng Group's stock expected returns. We can calculate the autocorrelation of Zhongsheng Group returns to help us make a trade decision. For example, suppose you find that Zhongsheng Group 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 |
Zhongsheng Group 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 Zhongsheng Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhongsheng Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhongsheng Group stock over time.
Current vs Lagged Prices |
| Timeline |
Zhongsheng Group Lagged Returns
When evaluating Zhongsheng Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhongsheng Group stock have on its future price. Zhongsheng Group 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, Zhongsheng Group autocorrelation shows the relationship between Zhongsheng Group stock current value and its past values and can show if there is a momentum factor associated with investing in Zhongsheng Group Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zhongsheng Stock
Zhongsheng Group financial ratios help investors to determine whether Zhongsheng 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 Zhongsheng with respect to the benefits of owning Zhongsheng Group security.