Zensar Technologies (India) Market Value
| ZENSARTECH | 739.30 6.40 0.87% |
| Symbol | Zensar |
Zensar Technologies '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 Zensar Technologies' 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 Zensar Technologies.
| 05/31/2024 |
| 12/27/2024 |
If you would invest 0.00 in Zensar Technologies on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Zensar Technologies Limited or generate 0.0% return on investment in Zensar Technologies over 210 days. Zensar Technologies is related to or competes with State Bank, Life Insurance, HDFC Bank, ICICI Bank, and Reliance Industries. Zensar Technologies is entity of India. It is traded as Stock on NSE exchange. More
Zensar Technologies 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 Zensar Technologies' 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 Zensar Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | 0.0021 | |||
| Maximum Drawdown | 9.89 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 2.81 |
Zensar Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zensar Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zensar Technologies' standard deviation. In reality, there are many statistical measures that can use Zensar Technologies historical prices to predict the future Zensar Technologies' volatility.| Risk Adjusted Performance | 0.0211 | |||
| Jensen Alpha | 0.0307 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0021 | |||
| Treynor Ratio | (0.12) |
Zensar Technologies Backtested Returns
Currently, Zensar Technologies Limited is very steady. Zensar Technologies shows Sharpe Ratio of 0.0926, which attests that the company had a 0.0926% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Zensar Technologies, which you can use to evaluate the volatility of the company. Please check out Zensar Technologies' Downside Deviation of 1.81, mean deviation of 1.4, and Market Risk Adjusted Performance of (0.11) to validate if the risk estimate we provide is consistent with the expected return of 0.17%. Zensar Technologies has a performance score of 7 on a scale of 0 to 100. The firm maintains a market beta of -0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zensar Technologies are expected to decrease at a much lower rate. During the bear market, Zensar Technologies is likely to outperform the market. Zensar Technologies right now maintains a risk of 1.85%. Please check out Zensar Technologies expected short fall, and the relationship between the value at risk and daily balance of power , to decide if Zensar Technologies will be following its historical returns.
Auto-correlation | 0.18 |
Very weak predictability
Zensar Technologies Limited has very weak predictability. Overlapping area represents the amount of predictability between Zensar Technologies time series from 31st of May 2024 to 13th of September 2024 and 13th of September 2024 to 27th 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 Zensar Technologies price movement. The serial correlation of 0.18 indicates that over 18.0% of current Zensar Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 1675.3 |
Zensar Technologies lagged returns against current returns
Autocorrelation, which is Zensar Technologies 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 Zensar Technologies' stock expected returns. We can calculate the autocorrelation of Zensar Technologies returns to help us make a trade decision. For example, suppose you find that Zensar Technologies 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 |
Zensar Technologies 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 Zensar Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zensar Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zensar Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Zensar Technologies Lagged Returns
When evaluating Zensar Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zensar Technologies stock have on its future price. Zensar Technologies 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, Zensar Technologies autocorrelation shows the relationship between Zensar Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Zensar Technologies Limited.
Regressed Prices |
| Timeline |
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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.Additional Tools for Zensar Stock Analysis
When running Zensar Technologies' price analysis, check to measure Zensar Technologies' 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 Zensar Technologies is operating at the current time. Most of Zensar Technologies' value examination focuses on studying past and present price action to predict the probability of Zensar Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zensar Technologies' price. Additionally, you may evaluate how the addition of Zensar Technologies to your portfolios can decrease your overall portfolio volatility.