ZB FINANCIAL (Zimbabwe) Market Value
| ZBFH Stock | 480.00 72.50 13.12% |
| Symbol | ZBFH |
ZB FINANCIAL '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 ZB FINANCIAL'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 ZB FINANCIAL.
| 10/12/2024 |
| 01/10/2025 |
If you would invest 0.00 in ZB FINANCIAL on October 12, 2024 and sell it all today you would earn a total of 0.00 from holding ZB FINANCIAL HOLDINGS or generate 0.0% return on investment in ZB FINANCIAL over 90 days.
ZB FINANCIAL 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 ZB FINANCIAL'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 ZB FINANCIAL HOLDINGS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 24.55 | |||
| Value At Risk | (6.24) | |||
| Potential Upside | 0.51 |
ZB FINANCIAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZB FINANCIAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZB FINANCIAL's standard deviation. In reality, there are many statistical measures that can use ZB FINANCIAL historical prices to predict the future ZB FINANCIAL's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.78) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | 8.65 |
ZB FINANCIAL HOLDINGS Backtested Returns
ZB FINANCIAL HOLDINGS retains Efficiency (Sharpe Ratio) of -0.22, which attests that the company had a -0.22% return per unit of price deviation over the last 3 months. ZB FINANCIAL exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ZB FINANCIAL's information ratio of (0.23), and Market Risk Adjusted Performance of 8.66 to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.0898, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ZB FINANCIAL are expected to decrease at a much lower rate. During the bear market, ZB FINANCIAL is likely to outperform the market. At this point, ZB FINANCIAL HOLDINGS has a negative expected return of -0.81%. Please make sure to check out ZB FINANCIAL's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if ZB FINANCIAL HOLDINGS performance from the past will be repeated sooner or later.
Auto-correlation | 0.73 |
Good predictability
ZB FINANCIAL HOLDINGS has good predictability. Overlapping area represents the amount of predictability between ZB FINANCIAL time series from 12th of October 2024 to 26th of November 2024 and 26th of November 2024 to 10th 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 ZB FINANCIAL HOLDINGS price movement. The serial correlation of 0.73 indicates that around 73.0% of current ZB FINANCIAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 7399.23 |
ZB FINANCIAL HOLDINGS lagged returns against current returns
Autocorrelation, which is ZB FINANCIAL 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 ZB FINANCIAL's stock expected returns. We can calculate the autocorrelation of ZB FINANCIAL returns to help us make a trade decision. For example, suppose you find that ZB FINANCIAL 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 |
ZB FINANCIAL 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 ZB FINANCIAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZB FINANCIAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZB FINANCIAL stock over time.
Current vs Lagged Prices |
| Timeline |
ZB FINANCIAL Lagged Returns
When evaluating ZB FINANCIAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZB FINANCIAL stock have on its future price. ZB FINANCIAL 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, ZB FINANCIAL autocorrelation shows the relationship between ZB FINANCIAL stock current value and its past values and can show if there is a momentum factor associated with investing in ZB FINANCIAL HOLDINGS.
Regressed Prices |
| Timeline |
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When running ZB FINANCIAL's price analysis, check to measure ZB FINANCIAL's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ZB FINANCIAL is operating at the current time. Most of ZB FINANCIAL's value examination focuses on studying past and present price action to predict the probability of ZB FINANCIAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZB FINANCIAL's price. Additionally, you may evaluate how the addition of ZB FINANCIAL to your portfolios can decrease your overall portfolio volatility.