ZIJIN MINING (Germany) Market Value
| FJZ Stock | 1.89 0.01 0.53% |
| Symbol | ZIJIN |
ZIJIN MINING '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 ZIJIN MINING'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 ZIJIN MINING.
| 12/12/2024 |
| 03/12/2025 |
If you would invest 0.00 in ZIJIN MINING on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding ZIJIN MINING H or generate 0.0% return on investment in ZIJIN MINING over 90 days. ZIJIN MINING is related to or competes with Moneysupermarket, Zijin Mining, DISTRICT METALS, Molson Coors, GREENX METALS, and BG Foods. More
ZIJIN MINING 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 ZIJIN MINING'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 ZIJIN MINING H upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.49 | |||
| Information Ratio | 0.0662 | |||
| Maximum Drawdown | 8.47 | |||
| Value At Risk | (3.66) | |||
| Potential Upside | 3.74 |
ZIJIN MINING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZIJIN MINING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZIJIN MINING's standard deviation. In reality, there are many statistical measures that can use ZIJIN MINING historical prices to predict the future ZIJIN MINING's volatility.| Risk Adjusted Performance | 0.0153 | |||
| Jensen Alpha | 0.0243 | |||
| Total Risk Alpha | 0.3636 | |||
| Sortino Ratio | 0.0586 | |||
| Treynor Ratio | 0.1767 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ZIJIN MINING's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ZIJIN MINING H Backtested Returns
Currently, ZIJIN MINING H is risky. ZIJIN MINING H shows Sharpe Ratio of 0.0108, which attests that the company had a 0.0108 % return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for ZIJIN MINING H, which you can use to evaluate the volatility of the company. Please check out ZIJIN MINING's Mean Deviation of 1.72, risk adjusted performance of 0.0153, and Downside Deviation of 2.49 to validate if the risk estimate we provide is consistent with the expected return of 0.0239%. The firm maintains a market beta of 0.0787, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ZIJIN MINING's returns are expected to increase less than the market. However, during the bear market, the loss of holding ZIJIN MINING is expected to be smaller as well. ZIJIN MINING H currently maintains a risk of 2.21%. Please check out ZIJIN MINING H total risk alpha, expected short fall, period momentum indicator, as well as the relationship between the value at risk and rate of daily change , to decide if ZIJIN MINING H will be following its historical returns.
Auto-correlation | -0.06 |
Very weak reverse predictability
ZIJIN MINING H has very weak reverse predictability. Overlapping area represents the amount of predictability between ZIJIN MINING time series from 12th of December 2024 to 26th of January 2025 and 26th of January 2025 to 12th 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 ZIJIN MINING H price movement. The serial correlation of -0.06 indicates that barely 6.0% of current ZIJIN MINING price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
ZIJIN MINING H lagged returns against current returns
Autocorrelation, which is ZIJIN MINING 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 ZIJIN MINING's stock expected returns. We can calculate the autocorrelation of ZIJIN MINING returns to help us make a trade decision. For example, suppose you find that ZIJIN MINING 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 |
ZIJIN MINING 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 ZIJIN MINING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZIJIN MINING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZIJIN MINING stock over time.
Current vs Lagged Prices |
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ZIJIN MINING Lagged Returns
When evaluating ZIJIN MINING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZIJIN MINING stock have on its future price. ZIJIN MINING 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, ZIJIN MINING autocorrelation shows the relationship between ZIJIN MINING stock current value and its past values and can show if there is a momentum factor associated with investing in ZIJIN MINING H .
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ZIJIN Stock Analysis
When running ZIJIN MINING's price analysis, check to measure ZIJIN MINING'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 ZIJIN MINING is operating at the current time. Most of ZIJIN MINING's value examination focuses on studying past and present price action to predict the probability of ZIJIN MINING's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZIJIN MINING's price. Additionally, you may evaluate how the addition of ZIJIN MINING to your portfolios can decrease your overall portfolio volatility.