Zions Bancorporation (Germany) Market Value
| ZB1 Stock | EUR 51.49 1.55 3.10% |
| Symbol | Zions |
Zions Bancorporation '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 Zions Bancorporation'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 Zions Bancorporation.
| 11/25/2024 |
| 12/25/2024 |
If you would invest 0.00 in Zions Bancorporation on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding Zions Bancorporation National or generate 0.0% return on investment in Zions Bancorporation over 30 days. Zions Bancorporation is related to or competes with Fast Retailing, Fevertree Drinks, MARKET VECTR, RETAIL FOOD, COSTCO WHOLESALE, National Retail, and Molson Coors. Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, Californi... More
Zions Bancorporation 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 Zions Bancorporation'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 Zions Bancorporation National upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.69 | |||
| Information Ratio | 0.1126 | |||
| Maximum Drawdown | 17.6 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 4.05 |
Zions Bancorporation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zions Bancorporation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zions Bancorporation's standard deviation. In reality, there are many statistical measures that can use Zions Bancorporation historical prices to predict the future Zions Bancorporation's volatility.| Risk Adjusted Performance | 0.1113 | |||
| Jensen Alpha | 0.28 | |||
| Total Risk Alpha | 0.2063 | |||
| Sortino Ratio | 0.1657 | |||
| Treynor Ratio | 0.3205 |
Zions Bancorporation Backtested Returns
Zions Bancorporation appears to be very steady, given 3 months investment horizon. Zions Bancorporation shows Sharpe Ratio of 0.16, which attests that the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Zions Bancorporation, which you can use to evaluate the volatility of the company. Please utilize Zions Bancorporation's Mean Deviation of 1.64, downside deviation of 1.69, and Market Risk Adjusted Performance of 0.3305 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zions Bancorporation holds a performance score of 12. The firm maintains a market beta of 0.98, which attests to possible diversification benefits within a given portfolio. Zions Bancorporation returns are very sensitive to returns on the market. As the market goes up or down, Zions Bancorporation is expected to follow. Please check Zions Bancorporation's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Zions Bancorporation's historical returns will revert.
Auto-correlation | 0.90 |
Excellent predictability
Zions Bancorporation National has excellent predictability. Overlapping area represents the amount of predictability between Zions Bancorporation time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 Zions Bancorporation price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Zions Bancorporation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 3.66 |
Zions Bancorporation lagged returns against current returns
Autocorrelation, which is Zions Bancorporation 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 Zions Bancorporation's stock expected returns. We can calculate the autocorrelation of Zions Bancorporation returns to help us make a trade decision. For example, suppose you find that Zions Bancorporation 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 |
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Zions Bancorporation 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 Zions Bancorporation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zions Bancorporation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zions Bancorporation stock over time.
Current vs Lagged Prices |
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Zions Bancorporation Lagged Returns
When evaluating Zions Bancorporation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zions Bancorporation stock have on its future price. Zions Bancorporation 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, Zions Bancorporation autocorrelation shows the relationship between Zions Bancorporation stock current value and its past values and can show if there is a momentum factor associated with investing in Zions Bancorporation National.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Zions Stock
Zions Bancorporation financial ratios help investors to determine whether Zions 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 Zions with respect to the benefits of owning Zions Bancorporation security.