Zhengzhou Coal (Germany) Market Value
| ZGC Stock | EUR 1.22 0.01 0.83% |
| Symbol | Zhengzhou |
Zhengzhou Coal '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 Zhengzhou Coal'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 Zhengzhou Coal.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Zhengzhou Coal on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Zhengzhou Coal Mining or generate 0.0% return on investment in Zhengzhou Coal over 60 days. Zhengzhou Coal is related to or competes with Carsales, MCEWEN MINING, Perseus Mining, Lamar Advertising, and Calibre Mining. Zhengzhou Coal Mining Machinery Group Company Limited, together with its subsidiaries, manufactures and sells coal minin... More
Zhengzhou Coal 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 Zhengzhou Coal'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 Zhengzhou Coal Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.77 | |||
| Information Ratio | 0.0493 | |||
| Maximum Drawdown | 23.79 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 4.5 |
Zhengzhou Coal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhengzhou Coal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhengzhou Coal's standard deviation. In reality, there are many statistical measures that can use Zhengzhou Coal historical prices to predict the future Zhengzhou Coal's volatility.| Risk Adjusted Performance | 0.0531 | |||
| Jensen Alpha | 0.1653 | |||
| Total Risk Alpha | 0.1223 | |||
| Sortino Ratio | 0.0421 | |||
| Treynor Ratio | 0.3471 |
Zhengzhou Coal Mining Backtested Returns
Zhengzhou Coal Mining shows Sharpe Ratio of -0.0756, which attests that the company had a -0.0756% return per unit of risk over the last 3 months. Zhengzhou Coal Mining exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zhengzhou Coal's Market Risk Adjusted Performance of 0.3571, downside deviation of 3.77, and Mean Deviation of 2.01 to validate the risk estimate we provide. The firm maintains a market beta of 0.49, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zhengzhou Coal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhengzhou Coal is expected to be smaller as well. At this point, Zhengzhou Coal Mining has a negative expected return of -0.2%. Please make sure to check out Zhengzhou Coal's jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to decide if Zhengzhou Coal Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Zhengzhou Coal Mining has weak reverse predictability. Overlapping area represents the amount of predictability between Zhengzhou Coal time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Zhengzhou Coal Mining price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Zhengzhou Coal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Zhengzhou Coal Mining lagged returns against current returns
Autocorrelation, which is Zhengzhou Coal 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 Zhengzhou Coal's stock expected returns. We can calculate the autocorrelation of Zhengzhou Coal returns to help us make a trade decision. For example, suppose you find that Zhengzhou Coal 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 |
Zhengzhou Coal 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 Zhengzhou Coal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhengzhou Coal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhengzhou Coal stock over time.
Current vs Lagged Prices |
| Timeline |
Zhengzhou Coal Lagged Returns
When evaluating Zhengzhou Coal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhengzhou Coal stock have on its future price. Zhengzhou Coal 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, Zhengzhou Coal autocorrelation shows the relationship between Zhengzhou Coal stock current value and its past values and can show if there is a momentum factor associated with investing in Zhengzhou Coal Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zhengzhou Stock
Zhengzhou Coal financial ratios help investors to determine whether Zhengzhou 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 Zhengzhou with respect to the benefits of owning Zhengzhou Coal security.