Zumtobel Group (Austria) Market Value
| ZAG Stock | EUR 4.95 0.03 0.60% |
| Symbol | Zumtobel |
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.
| 03/13/2023 |
| 03/02/2025 |
If you would invest 0.00 in Zumtobel Group on March 13, 2023 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.
| Downside Deviation | 1.36 | |||
| Information Ratio | 0.0403 | |||
| Maximum Drawdown | 9.03 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 2.46 |
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.| Risk Adjusted Performance | 0.0285 | |||
| Jensen Alpha | 0.0389 | |||
| Total Risk Alpha | 0.0851 | |||
| Sortino Ratio | 0.0447 | |||
| Treynor Ratio | 0.9277 |
Zumtobel Group AG Backtested Returns
Zumtobel Group is somewhat reliable at the moment. Zumtobel Group AG shows Sharpe Ratio of 0.0317, which attests that the company had a 0.0317 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Zumtobel Group AG, which you can use to evaluate the volatility of the company. Please check out Zumtobel Group's Mean Deviation of 1.01, downside deviation of 1.36, and Market Risk Adjusted Performance of 0.9377 to validate if the risk estimate we provide is consistent with the expected return of 0.0479%. Zumtobel Group has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of 0.0409, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zumtobel Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zumtobel Group is expected to be smaller as well. Zumtobel Group AG right now maintains a risk of 1.51%. Please check out Zumtobel Group AG maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to decide if Zumtobel Group AG will be following its historical returns.
Auto-correlation | 0.59 |
Modest predictability
Zumtobel Group AG has modest predictability. Overlapping area represents the amount of predictability between Zumtobel Group time series from 13th of March 2023 to 7th of March 2024 and 7th of March 2024 to 2nd 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 Zumtobel Group AG price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Zumtobel Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
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 |
Currently Active Assets on Macroaxis
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.