Zanaga Iron (UK) Market Value
| ZIOC Stock | 7.75 0.05 0.64% |
| Symbol | Zanaga |
Zanaga Iron '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 Zanaga Iron'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 Zanaga Iron.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in Zanaga Iron on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding Zanaga Iron Ore or generate 0.0% return on investment in Zanaga Iron over 90 days. Zanaga Iron is related to or competes with JLEN Environmental, Playtech Plc, BW Offshore, Travel +, Seche Environnement, and Mobile Tornado. Zanaga Iron is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Zanaga Iron 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 Zanaga Iron'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 Zanaga Iron Ore upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.2 | |||
| Information Ratio | 0.1407 | |||
| Maximum Drawdown | 53.79 | |||
| Value At Risk | (11.24) | |||
| Potential Upside | 10.11 |
Zanaga Iron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zanaga Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zanaga Iron's standard deviation. In reality, there are many statistical measures that can use Zanaga Iron historical prices to predict the future Zanaga Iron's volatility.| Risk Adjusted Performance | 0.1197 | |||
| Jensen Alpha | 0.9934 | |||
| Total Risk Alpha | 1.86 | |||
| Sortino Ratio | 0.168 | |||
| Treynor Ratio | 1.67 |
Zanaga Iron Ore Backtested Returns
Zanaga Iron appears to be relatively risky, given 3 months investment horizon. Zanaga Iron Ore shows Sharpe Ratio of 0.0482, which attests that the company had a 0.0482 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Zanaga Iron Ore, which you can use to evaluate the volatility of the company. Please utilize Zanaga Iron's Mean Deviation of 4.9, downside deviation of 6.2, and Market Risk Adjusted Performance of 1.68 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zanaga Iron holds a performance score of 3. The firm maintains a market beta of 0.56, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zanaga Iron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zanaga Iron is expected to be smaller as well. Please check Zanaga Iron's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Zanaga Iron's historical returns will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Zanaga Iron Ore has insignificant reverse predictability. Overlapping area represents the amount of predictability between Zanaga Iron time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th of March 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 Zanaga Iron Ore price movement. The serial correlation of -0.17 indicates that over 17.0% of current Zanaga Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
Zanaga Iron Ore lagged returns against current returns
Autocorrelation, which is Zanaga Iron 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 Zanaga Iron's stock expected returns. We can calculate the autocorrelation of Zanaga Iron returns to help us make a trade decision. For example, suppose you find that Zanaga Iron 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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Zanaga Iron 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 Zanaga Iron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zanaga Iron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zanaga Iron stock over time.
Current vs Lagged Prices |
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Zanaga Iron Lagged Returns
When evaluating Zanaga Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zanaga Iron stock have on its future price. Zanaga Iron 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, Zanaga Iron autocorrelation shows the relationship between Zanaga Iron stock current value and its past values and can show if there is a momentum factor associated with investing in Zanaga Iron Ore.
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 Zanaga Stock Analysis
When running Zanaga Iron's price analysis, check to measure Zanaga Iron'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 Zanaga Iron is operating at the current time. Most of Zanaga Iron's value examination focuses on studying past and present price action to predict the probability of Zanaga Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zanaga Iron's price. Additionally, you may evaluate how the addition of Zanaga Iron to your portfolios can decrease your overall portfolio volatility.