Ziprecruiter Stock Market Value
| ZIP Stock | USD 8.86 0.10 1.12% |
| Symbol | Ziprecruiter |
Ziprecruiter Price To Book Ratio
Is Interactive Media & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ziprecruiter. If investors know Ziprecruiter will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ziprecruiter listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.50) | Earnings Share 0.03 | Revenue Per Share 5.048 | Quarterly Revenue Growth (0.25) | Return On Assets 0.0249 |
The market value of Ziprecruiter is measured differently than its book value, which is the value of Ziprecruiter that is recorded on the company's balance sheet. Investors also form their own opinion of Ziprecruiter's value that differs from its market value or its book value, called intrinsic value, which is Ziprecruiter's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ziprecruiter's market value can be influenced by many factors that don't directly affect Ziprecruiter's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ziprecruiter's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ziprecruiter is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ziprecruiter's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Ziprecruiter '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 Ziprecruiter'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 Ziprecruiter.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Ziprecruiter on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Ziprecruiter or generate 0.0% return on investment in Ziprecruiter over 180 days. Ziprecruiter is related to or competes with Kforce, Kelly Services, Heidrick Struggles, ManpowerGroup, Hirequest, Korn Ferry, and Hudson Global. ZipRecruiter, Inc., together with its subsidiaries, operates a marketplace that connects job seekers and employers More
Ziprecruiter 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 Ziprecruiter'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 Ziprecruiter upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 18.77 | |||
| Value At Risk | (5.35) | |||
| Potential Upside | 5.05 |
Ziprecruiter Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ziprecruiter's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ziprecruiter's standard deviation. In reality, there are many statistical measures that can use Ziprecruiter historical prices to predict the future Ziprecruiter's volatility.| Risk Adjusted Performance | 0.0023 | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.02) |
Ziprecruiter Backtested Returns
Ziprecruiter shows Sharpe Ratio of -0.0158, which attests that the company had a -0.0158% return per unit of risk over the last 3 months. Ziprecruiter exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ziprecruiter's Mean Deviation of 2.22, standard deviation of 3.08, and Market Risk Adjusted Performance of (0.01) to validate the risk estimate we provide. The firm maintains a market beta of 1.53, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ziprecruiter will likely underperform. At this point, Ziprecruiter has a negative expected return of -0.0496%. Please make sure to check out Ziprecruiter's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and relative strength index , to decide if Ziprecruiter performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Ziprecruiter has modest reverse predictability. Overlapping area represents the amount of predictability between Ziprecruiter time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Ziprecruiter price movement. The serial correlation of -0.48 indicates that about 48.0% of current Ziprecruiter price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Ziprecruiter lagged returns against current returns
Autocorrelation, which is Ziprecruiter 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 Ziprecruiter's stock expected returns. We can calculate the autocorrelation of Ziprecruiter returns to help us make a trade decision. For example, suppose you find that Ziprecruiter 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 |
Ziprecruiter 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 Ziprecruiter stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ziprecruiter stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ziprecruiter stock over time.
Current vs Lagged Prices |
| Timeline |
Ziprecruiter Lagged Returns
When evaluating Ziprecruiter's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ziprecruiter stock have on its future price. Ziprecruiter 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, Ziprecruiter autocorrelation shows the relationship between Ziprecruiter stock current value and its past values and can show if there is a momentum factor associated with investing in Ziprecruiter.
Regressed Prices |
| Timeline |
Pair Trading with Ziprecruiter
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ziprecruiter position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ziprecruiter will appreciate offsetting losses from the drop in the long position's value.Moving against Ziprecruiter Stock
The ability to find closely correlated positions to Ziprecruiter could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ziprecruiter when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ziprecruiter - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ziprecruiter to buy it.
The correlation of Ziprecruiter is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ziprecruiter moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ziprecruiter moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ziprecruiter can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Ziprecruiter Stock Analysis
When running Ziprecruiter's price analysis, check to measure Ziprecruiter'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 Ziprecruiter is operating at the current time. Most of Ziprecruiter's value examination focuses on studying past and present price action to predict the probability of Ziprecruiter's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ziprecruiter's price. Additionally, you may evaluate how the addition of Ziprecruiter to your portfolios can decrease your overall portfolio volatility.