Zegona Communications (UK) Market Value
| ZEG Stock | 575.00 10.00 1.77% |
| Symbol | Zegona |
Zegona Communications '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 Zegona Communications' 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 Zegona Communications.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Zegona Communications on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Zegona Communications Plc or generate 0.0% return on investment in Zegona Communications over 30 days. Zegona Communications is related to or competes with Direct Line, Metals Exploration, Tatton Asset, Chrysalis Investments, Liontrust Asset, UNIQA Insurance, and Vietnam Enterprise. Zegona Communications is entity of United Kingdom More
Zegona Communications 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 Zegona Communications' 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 Zegona Communications Plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | 0.257 | |||
| Maximum Drawdown | 25.06 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 7.31 |
Zegona Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zegona Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zegona Communications' standard deviation. In reality, there are many statistical measures that can use Zegona Communications historical prices to predict the future Zegona Communications' volatility.| Risk Adjusted Performance | 0.1978 | |||
| Jensen Alpha | 0.9085 | |||
| Total Risk Alpha | 0.9326 | |||
| Sortino Ratio | 0.4358 | |||
| Treynor Ratio | 0.8316 |
Zegona Communications Plc Backtested Returns
Zegona Communications appears to be very steady, given 3 months investment horizon. Zegona Communications Plc shows Sharpe Ratio of 0.25, which attests that the company had a 0.25 % return per unit of risk over the last 3 months. By examining Zegona Communications' technical indicators, you can evaluate if the expected return of 0.88% is justified by implied risk. Please utilize Zegona Communications' Mean Deviation of 2.17, market risk adjusted performance of 0.8416, and Downside Deviation of 2.08 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zegona Communications holds a performance score of 19. The firm maintains a market beta of 1.08, which attests to a somewhat significant risk relative to the market. Zegona Communications returns are very sensitive to returns on the market. As the market goes up or down, Zegona Communications is expected to follow. Please check Zegona Communications' jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to make a quick decision on whether Zegona Communications' historical returns will revert.
Auto-correlation | -0.22 |
Weak reverse predictability
Zegona Communications Plc has weak reverse predictability. Overlapping area represents the amount of predictability between Zegona Communications time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 Zegona Communications Plc price movement. The serial correlation of -0.22 indicates that over 22.0% of current Zegona Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 85.54 |
Zegona Communications Plc lagged returns against current returns
Autocorrelation, which is Zegona Communications 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 Zegona Communications' stock expected returns. We can calculate the autocorrelation of Zegona Communications returns to help us make a trade decision. For example, suppose you find that Zegona Communications 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 |
Zegona Communications 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 Zegona Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zegona Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zegona Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Zegona Communications Lagged Returns
When evaluating Zegona Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zegona Communications stock have on its future price. Zegona Communications 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, Zegona Communications autocorrelation shows the relationship between Zegona Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Zegona Communications Plc.
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.Other Information on Investing in Zegona Stock
Zegona Communications financial ratios help investors to determine whether Zegona 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 Zegona with respect to the benefits of owning Zegona Communications security.