Zumtobel Group (Austria) Market Value

ZAG Stock  EUR 4.96  0.03  0.60%   
Zumtobel Group's market value is the price at which a share of Zumtobel Group trades on a public exchange. It measures the collective expectations of Zumtobel Group AG investors about its performance. Zumtobel Group is trading at 4.96 as of the 12th of December 2024. This is a 0.6 percent decrease since the beginning of the trading day. The stock's open price was 4.99.
With this module, you can estimate the performance of a buy and hold strategy of Zumtobel Group AG and determine expected loss or profit from investing in Zumtobel Group over a given investment horizon. Check out Zumtobel Group Correlation, Zumtobel Group Volatility and Zumtobel Group Alpha and Beta module to complement your research on Zumtobel Group.
Symbol

Please note, there is a significant difference between Zumtobel Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zumtobel Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zumtobel Group'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.

Zumtobel 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 Zumtobel 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 Zumtobel Group.
0.00
12/23/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/12/2024
0.00
If you would invest  0.00  in Zumtobel Group on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Zumtobel Group AG or generate 0.0% return on investment in Zumtobel Group over 720 days. Zumtobel Group is related to or competes with Voestalpine, Andritz AG, Wienerberger, Lenzing Aktiengesellscha, and Schoeller Bleckmann. More

Zumtobel 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 Zumtobel 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 Zumtobel Group AG upside and downside potential and time the market with a certain degree of confidence.

Zumtobel Group Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Zumtobel Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zumtobel Group's standard deviation. In reality, there are many statistical measures that can use Zumtobel Group historical prices to predict the future Zumtobel Group's volatility.
Hype
Prediction
LowEstimatedHigh
3.344.966.58
Details
Intrinsic
Valuation
LowRealHigh
2.704.325.94
Details
Naive
Forecast
LowNextHigh
3.395.016.63
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
4.675.195.71
Details

Zumtobel Group AG Backtested Returns

Zumtobel Group AG shows Sharpe Ratio of -0.13, which attests that the company had a -0.13% return per unit of risk over the last 3 months. Zumtobel Group AG exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zumtobel Group's Mean Deviation of 1.19, market risk adjusted performance of 0.4153, and Standard Deviation of 1.68 to validate the risk estimate we provide. 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, returns on owning Zumtobel Group are expected to decrease at a much lower rate. During the bear market, Zumtobel Group is likely to outperform the market. At this point, Zumtobel Group AG has a negative expected return of -0.22%. Please make sure to check out Zumtobel Group's skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Zumtobel Group AG performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.50  

Modest predictability

Zumtobel Group AG has modest predictability. Overlapping area represents the amount of predictability between Zumtobel Group time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Zumtobel Group AG price movement. The serial correlation of 0.5 indicates that about 50.0% of current Zumtobel Group price fluctuation can be explain by its past prices.
Correlation Coefficient0.5
Spearman Rank Test0.45
Residual Average0.0
Price Variance0.15

Zumtobel Group AG lagged returns against current returns

Autocorrelation, which is Zumtobel 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 Zumtobel Group's stock expected returns. We can calculate the autocorrelation of Zumtobel Group returns to help us make a trade decision. For example, suppose you find that Zumtobel 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  

Zumtobel 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 Zumtobel Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zumtobel Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zumtobel Group stock over time.
   Current vs Lagged Prices   
       Timeline  

Zumtobel Group Lagged Returns

When evaluating Zumtobel Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zumtobel Group stock have on its future price. Zumtobel 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, Zumtobel Group autocorrelation shows the relationship between Zumtobel Group stock current value and its past values and can show if there is a momentum factor associated with investing in Zumtobel Group AG.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Zumtobel Stock

Zumtobel Group financial ratios help investors to determine whether Zumtobel 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 Zumtobel with respect to the benefits of owning Zumtobel Group security.