Zaptec AS (Norway) Market Value
| ZAP Stock | 9.61 0.15 1.59% |
| Symbol | Zaptec |
Zaptec AS '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 Zaptec AS'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 Zaptec AS.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Zaptec AS on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Zaptec AS or generate 0.0% return on investment in Zaptec AS over 540 days. Zaptec AS is related to or competes with Kongsberg Automotive, Bavarian Nordic, Everfuel, Elkem ASA, Integrated Wind, Vow ASA, and North Energy. More
Zaptec AS 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 Zaptec AS'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 Zaptec AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 28.05 | |||
| Value At Risk | (5.33) | |||
| Potential Upside | 3.51 |
Zaptec AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zaptec AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zaptec AS's standard deviation. In reality, there are many statistical measures that can use Zaptec AS historical prices to predict the future Zaptec AS's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.57) | |||
| Total Risk Alpha | (1.06) | |||
| Treynor Ratio | (0.68) |
Zaptec AS Backtested Returns
Zaptec AS 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. Zaptec AS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zaptec AS's Market Risk Adjusted Performance of (0.67), standard deviation of 3.78, and Mean Deviation of 2.6 to validate the risk estimate we provide. The firm maintains a market beta of 0.72, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zaptec AS's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zaptec AS is expected to be smaller as well. At this point, Zaptec AS has a negative expected return of -0.44%. Please make sure to check out Zaptec AS's daily balance of power, and the relationship between the skewness and day typical price , to decide if Zaptec AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.81 |
Very good predictability
Zaptec AS has very good predictability. Overlapping area represents the amount of predictability between Zaptec AS time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 Zaptec AS price movement. The serial correlation of 0.81 indicates that around 81.0% of current Zaptec AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 4.25 |
Zaptec AS lagged returns against current returns
Autocorrelation, which is Zaptec AS 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 Zaptec AS's stock expected returns. We can calculate the autocorrelation of Zaptec AS returns to help us make a trade decision. For example, suppose you find that Zaptec AS 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 |
Zaptec AS 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 Zaptec AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zaptec AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zaptec AS stock over time.
Current vs Lagged Prices |
| Timeline |
Zaptec AS Lagged Returns
When evaluating Zaptec AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zaptec AS stock have on its future price. Zaptec AS 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, Zaptec AS autocorrelation shows the relationship between Zaptec AS stock current value and its past values and can show if there is a momentum factor associated with investing in Zaptec AS.
Regressed Prices |
| Timeline |
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Zaptec AS financial ratios help investors to determine whether Zaptec 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 Zaptec with respect to the benefits of owning Zaptec AS security.