Zhong Yang Financial Stock Market Value
| TOP Stock | USD 1.64 0.02 1.23% |
| Symbol | Zhong |
Zhong Yang Financial Price To Book Ratio
Is Investment Banking & Brokerage space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Zhong Yang. If investors know Zhong will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Zhong Yang listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.897 | Earnings Share 0.03 | Revenue Per Share 0.249 | Quarterly Revenue Growth (0.80) | Return On Assets 0.0215 |
The market value of Zhong Yang Financial is measured differently than its book value, which is the value of Zhong that is recorded on the company's balance sheet. Investors also form their own opinion of Zhong Yang's value that differs from its market value or its book value, called intrinsic value, which is Zhong Yang's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Zhong Yang's market value can be influenced by many factors that don't directly affect Zhong Yang's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Zhong Yang's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zhong Yang is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zhong Yang'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.
Zhong Yang '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 Zhong Yang'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 Zhong Yang.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Zhong Yang on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Zhong Yang Financial or generate 0.0% return on investment in Zhong Yang over 60 days. Zhong Yang is related to or competes with Lion Group, HUMANA, Barloworld, Thrivent High, Morningstar Unconstrained, High-yield Municipal, and Via Renewables. TOP Financial Group Limited, through its subsidiaries, operates as an online brokerage company in Hong Kong More
Zhong Yang 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 Zhong Yang'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 Zhong Yang Financial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 76.38 | |||
| Value At Risk | (9.66) | |||
| Potential Upside | 8.9 |
Zhong Yang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhong Yang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhong Yang's standard deviation. In reality, there are many statistical measures that can use Zhong Yang historical prices to predict the future Zhong Yang's volatility.| Risk Adjusted Performance | 1.0E-4 | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (1.53) | |||
| Treynor Ratio | (0.23) |
Zhong Yang Financial Backtested Returns
Zhong Yang Financial shows Sharpe Ratio of -0.0024, which attests that the company had a -0.0024% return per unit of risk over the last 3 months. Zhong Yang Financial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zhong Yang's Mean Deviation of 4.75, standard deviation of 9.39, and Market Risk Adjusted Performance of (0.22) to validate the risk estimate we provide. The firm maintains a market beta of 0.53, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zhong Yang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhong Yang is expected to be smaller as well. At this point, Zhong Yang Financial has a negative expected return of -0.0228%. Please make sure to check out Zhong Yang's treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Zhong Yang Financial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
Zhong Yang Financial has very weak predictability. Overlapping area represents the amount of predictability between Zhong Yang time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th of November 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 Zhong Yang Financial price movement. The serial correlation of 0.18 indicates that over 18.0% of current Zhong Yang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Zhong Yang Financial lagged returns against current returns
Autocorrelation, which is Zhong Yang 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 Zhong Yang's stock expected returns. We can calculate the autocorrelation of Zhong Yang returns to help us make a trade decision. For example, suppose you find that Zhong Yang 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 |
Zhong Yang 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 Zhong Yang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhong Yang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhong Yang stock over time.
Current vs Lagged Prices |
| Timeline |
Zhong Yang Lagged Returns
When evaluating Zhong Yang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhong Yang stock have on its future price. Zhong Yang 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, Zhong Yang autocorrelation shows the relationship between Zhong Yang stock current value and its past values and can show if there is a momentum factor associated with investing in Zhong Yang Financial.
Regressed Prices |
| Timeline |
Pair Trading with Zhong Yang
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Zhong Yang position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Zhong Yang will appreciate offsetting losses from the drop in the long position's value.Moving against Zhong Stock
| 0.48 | V | Visa Class A | PairCorr |
| 0.38 | TETEW | Technology Telecommunicatio | PairCorr |
| 0.35 | MC | Moelis | PairCorr |
| 0.32 | DIST | Distoken Acquisition | PairCorr |
| 0.31 | MA | Mastercard | PairCorr |
The ability to find closely correlated positions to Zhong Yang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zhong Yang when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Zhong Yang - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Zhong Yang Financial to buy it.
The correlation of Zhong Yang is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zhong Yang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zhong Yang Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Zhong Yang can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Zhong Stock Analysis
When running Zhong Yang's price analysis, check to measure Zhong Yang'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 Zhong Yang is operating at the current time. Most of Zhong Yang's value examination focuses on studying past and present price action to predict the probability of Zhong Yang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zhong Yang's price. Additionally, you may evaluate how the addition of Zhong Yang to your portfolios can decrease your overall portfolio volatility.