Zaggle Prepaid's market value is the price at which a share of Zaggle Prepaid trades on a public exchange. It measures the collective expectations of Zaggle Prepaid Ocean investors about its performance. Zaggle Prepaid is trading at 509.00 as of the 13th of January 2025, a 2.08 percent decrease since the beginning of the trading day. The stock's open price was 519.8. With this module, you can estimate the performance of a buy and hold strategy of Zaggle Prepaid Ocean and determine expected loss or profit from investing in Zaggle Prepaid over a given investment horizon. Check out Zaggle Prepaid Correlation, Zaggle Prepaid Volatility and Zaggle Prepaid Alpha and Beta module to complement your research on Zaggle Prepaid.
Please note, there is a significant difference between Zaggle Prepaid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zaggle Prepaid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zaggle Prepaid'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.
Zaggle Prepaid '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 Zaggle Prepaid'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 Zaggle Prepaid.
0.00
10/15/2024
No Change 0.00
0.0
In 3 months and 1 day
01/13/2025
0.00
If you would invest 0.00 in Zaggle Prepaid on October 15, 2024 and sell it all today you would earn a total of 0.00 from holding Zaggle Prepaid Ocean or generate 0.0% return on investment in Zaggle Prepaid over 90 days. Zaggle Prepaid is related to or competes with Reliance Industries, HDFC Bank, Tata Consultancy, Bharti Airtel, Power Finance, State Bank, and ICICI Bank. Zaggle Prepaid is entity of India. It is traded as Stock on NSE exchange. More
Zaggle Prepaid 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 Zaggle Prepaid'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 Zaggle Prepaid Ocean upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zaggle Prepaid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zaggle Prepaid's standard deviation. In reality, there are many statistical measures that can use Zaggle Prepaid historical prices to predict the future Zaggle Prepaid's volatility.
Zaggle Prepaid appears to be very steady, given 3 months investment horizon. Zaggle Prepaid Ocean shows Sharpe Ratio of 0.12, which attests that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Zaggle Prepaid Ocean, which you can use to evaluate the volatility of the company. Please utilize Zaggle Prepaid's Downside Deviation of 2.46, market risk adjusted performance of 1.23, and Mean Deviation of 2.36 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zaggle Prepaid holds a performance score of 9. The firm maintains a market beta of 0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zaggle Prepaid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zaggle Prepaid is expected to be smaller as well. Please check Zaggle Prepaid's sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Zaggle Prepaid's historical returns will revert.
Auto-correlation
-0.35
Poor reverse predictability
Zaggle Prepaid Ocean has poor reverse predictability. Overlapping area represents the amount of predictability between Zaggle Prepaid time series from 15th of October 2024 to 29th of November 2024 and 29th of November 2024 to 13th of January 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 Zaggle Prepaid Ocean price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Zaggle Prepaid price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.35
Spearman Rank Test
0.0
Residual Average
0.0
Price Variance
619.31
Zaggle Prepaid Ocean lagged returns against current returns
Autocorrelation, which is Zaggle Prepaid 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 Zaggle Prepaid's stock expected returns. We can calculate the autocorrelation of Zaggle Prepaid returns to help us make a trade decision. For example, suppose you find that Zaggle Prepaid 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
Zaggle Prepaid 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 Zaggle Prepaid stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zaggle Prepaid stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zaggle Prepaid stock over time.
Current vs Lagged Prices
Timeline
Zaggle Prepaid Lagged Returns
When evaluating Zaggle Prepaid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zaggle Prepaid stock have on its future price. Zaggle Prepaid 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, Zaggle Prepaid autocorrelation shows the relationship between Zaggle Prepaid stock current value and its past values and can show if there is a momentum factor associated with investing in Zaggle Prepaid Ocean.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Zaggle Prepaid financial ratios help investors to determine whether Zaggle 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 Zaggle with respect to the benefits of owning Zaggle Prepaid security.