Zenith Minerals (Australia) Market Value
| ZNC Stock | 0.04 0 2.50% |
| Symbol | Zenith |
Zenith Minerals '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 Zenith Minerals' 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 Zenith Minerals.
| 10/01/2024 |
| 12/30/2024 |
If you would invest 0.00 in Zenith Minerals on October 1, 2024 and sell it all today you would earn a total of 0.00 from holding Zenith Minerals or generate 0.0% return on investment in Zenith Minerals over 90 days. Zenith Minerals is related to or competes with Evolution Mining, Bluescope Steel, Perseus Mining, Champion Iron, Peel Mining, Perpetual Credit, and Talisman Mining. Zenith Minerals is entity of Australia. It is traded as Stock on AU exchange. More
Zenith Minerals 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 Zenith Minerals' 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 Zenith Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.79 | |||
| Information Ratio | 0.0485 | |||
| Maximum Drawdown | 25.31 | |||
| Value At Risk | (6.00) | |||
| Potential Upside | 11.11 |
Zenith Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zenith Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zenith Minerals' standard deviation. In reality, there are many statistical measures that can use Zenith Minerals historical prices to predict the future Zenith Minerals' volatility.| Risk Adjusted Performance | 0.0523 | |||
| Jensen Alpha | 0.2772 | |||
| Total Risk Alpha | 0.1224 | |||
| Sortino Ratio | 0.049 | |||
| Treynor Ratio | (0.29) |
Zenith Minerals Backtested Returns
Zenith Minerals shows Sharpe Ratio of -0.0172, which attests that the company had a -0.0172% return per unit of risk over the last 3 months. Zenith Minerals exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zenith Minerals' Market Risk Adjusted Performance of (0.28), mean deviation of 3.17, and Downside Deviation of 4.79 to validate the risk estimate we provide. The firm maintains a market beta of -0.9, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Zenith Minerals are expected to decrease slowly. On the other hand, during market turmoil, Zenith Minerals is expected to outperform it slightly. At this point, Zenith Minerals has a negative expected return of -0.0694%. Please make sure to check out Zenith Minerals' sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Zenith Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.04 |
Very weak reverse predictability
Zenith Minerals has very weak reverse predictability. Overlapping area represents the amount of predictability between Zenith Minerals time series from 1st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Zenith Minerals price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Zenith Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Zenith Minerals lagged returns against current returns
Autocorrelation, which is Zenith Minerals 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 Zenith Minerals' stock expected returns. We can calculate the autocorrelation of Zenith Minerals returns to help us make a trade decision. For example, suppose you find that Zenith Minerals 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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Zenith Minerals 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 Zenith Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zenith Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zenith Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Zenith Minerals Lagged Returns
When evaluating Zenith Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zenith Minerals stock have on its future price. Zenith Minerals 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, Zenith Minerals autocorrelation shows the relationship between Zenith Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Zenith Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Zenith Stock Analysis
When running Zenith Minerals' price analysis, check to measure Zenith Minerals' 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 Zenith Minerals is operating at the current time. Most of Zenith Minerals' value examination focuses on studying past and present price action to predict the probability of Zenith Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zenith Minerals' price. Additionally, you may evaluate how the addition of Zenith Minerals to your portfolios can decrease your overall portfolio volatility.