Zaptec AS (Norway) Market Value
| ZAP Stock | 17.29 0.14 0.82% |
| 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.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Zaptec AS on December 17, 2024 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 90 days. Zaptec AS is related to or competes with Kongsberg Automotive, and Bavarian Nordic. 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.
| Downside Deviation | 3.37 | |||
| Information Ratio | 0.2101 | |||
| Maximum Drawdown | 34.52 | |||
| Value At Risk | (4.79) | |||
| Potential Upside | 8.57 |
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 | 0.1749 | |||
| Jensen Alpha | 1.15 | |||
| Total Risk Alpha | 1.66 | |||
| Sortino Ratio | 0.3286 | |||
| Treynor Ratio | 0.6985 |
Zaptec AS Backtested Returns
Zaptec AS is somewhat reliable given 3 months investment horizon. Zaptec AS shows Sharpe Ratio of 0.22, which attests that the company had a 0.22 % return per unit of risk over the last 3 months. We were able to interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.19% are justified by taking the suggested risk. Use Zaptec AS Downside Deviation of 3.37, market risk adjusted performance of 0.7085, and Mean Deviation of 3.37 to evaluate company specific risk that cannot be diversified away. Zaptec AS holds a performance score of 17 on a scale of zero to a hundred. The firm maintains a market beta of 1.43, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Zaptec AS will likely underperform. Use Zaptec AS maximum drawdown, skewness, day typical price, as well as the relationship between the downside variance and daily balance of power , to analyze future returns on Zaptec AS.
Auto-correlation | 0.22 |
Weak predictability
Zaptec AS has weak predictability. Overlapping area represents the amount of predictability between Zaptec AS time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Zaptec AS price movement. The serial correlation of 0.22 indicates that over 22.0% of current Zaptec AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 3.8 |
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.