Zimplats Holdings Limited Stock Market Value
| ZMPLF Stock | USD 9.12 0.00 0.00% |
| Symbol | Zimplats |
Zimplats Holdings '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 Zimplats Holdings' pink sheet 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 Zimplats Holdings.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in Zimplats Holdings on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Zimplats Holdings Limited or generate 0.0% return on investment in Zimplats Holdings over 180 days. Zimplats Holdings is related to or competes with Gold79 Mines, Arras Minerals, American Creek, and Aurania Resources. Zimplats Holdings Limited, together with its subsidiaries, engages in the production of platinum and associated metals i... More
Zimplats Holdings 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 Zimplats Holdings' pink sheet 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 Zimplats Holdings Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 23.93 | |||
| Value At Risk | (2.20) |
Zimplats Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zimplats Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zimplats Holdings' standard deviation. In reality, there are many statistical measures that can use Zimplats Holdings historical prices to predict the future Zimplats Holdings' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | 0.3006 |
Zimplats Holdings Backtested Returns
Zimplats Holdings shows Sharpe Ratio of -0.0268, which attests that the company had a -0.0268% return per unit of risk over the last 3 months. Zimplats Holdings exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zimplats Holdings' Market Risk Adjusted Performance of 0.3106, mean deviation of 0.926, and Standard Deviation of 3.32 to validate the risk estimate we provide. The firm maintains a market beta of -0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zimplats Holdings are expected to decrease at a much lower rate. During the bear market, Zimplats Holdings is likely to outperform the market. At this point, Zimplats Holdings has a negative expected return of -0.0902%. Please make sure to check out Zimplats Holdings' jensen alpha and kurtosis , to decide if Zimplats Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Zimplats Holdings Limited has below average predictability. Overlapping area represents the amount of predictability between Zimplats Holdings time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 Zimplats Holdings price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Zimplats Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Zimplats Holdings lagged returns against current returns
Autocorrelation, which is Zimplats Holdings pink sheet'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 Zimplats Holdings' pink sheet expected returns. We can calculate the autocorrelation of Zimplats Holdings returns to help us make a trade decision. For example, suppose you find that Zimplats Holdings has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Zimplats Holdings 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 Zimplats Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zimplats Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zimplats Holdings pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Zimplats Holdings Lagged Returns
When evaluating Zimplats Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zimplats Holdings pink sheet have on its future price. Zimplats Holdings 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, Zimplats Holdings autocorrelation shows the relationship between Zimplats Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Zimplats Holdings Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zimplats Pink Sheet
Zimplats Holdings financial ratios help investors to determine whether Zimplats Pink Sheet 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 Zimplats with respect to the benefits of owning Zimplats Holdings security.