Zodiac Clothing (India) Market Value
| ZODIACLOTH | 85.62 1.39 1.65% |
| Symbol | Zodiac |
Zodiac Clothing '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 Zodiac Clothing'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 Zodiac Clothing.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Zodiac Clothing on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Zodiac Clothing or generate 0.0% return on investment in Zodiac Clothing over 90 days. Zodiac Clothing is related to or competes with Kamat Hotels, Lemon Tree, Asian Hotels, CREDITACCESS GRAMEEN, Bank of Maharashtra, EIH Associated, and MAS Financial. Zodiac Clothing is entity of India. It is traded as Stock on NSE exchange. More
Zodiac Clothing 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 Zodiac Clothing'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 Zodiac Clothing upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 16.07 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 5.04 |
Zodiac Clothing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zodiac Clothing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zodiac Clothing's standard deviation. In reality, there are many statistical measures that can use Zodiac Clothing historical prices to predict the future Zodiac Clothing's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.61) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.78) |
Zodiac Clothing Backtested Returns
Zodiac Clothing shows Sharpe Ratio of -0.27, which attests that the company had a -0.27 % return per unit of risk over the last 3 months. Zodiac Clothing exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zodiac Clothing's Standard Deviation of 3.08, mean deviation of 2.3, and Market Risk Adjusted Performance of (0.77) 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. Zodiac Clothing returns are very sensitive to returns on the market. As the market goes up or down, Zodiac Clothing is expected to follow. At this point, Zodiac Clothing has a negative expected return of -0.81%. Please make sure to check out Zodiac Clothing's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if Zodiac Clothing performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.81 |
Very good predictability
Zodiac Clothing has very good predictability. Overlapping area represents the amount of predictability between Zodiac Clothing time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 Zodiac Clothing price movement. The serial correlation of 0.81 indicates that around 81.0% of current Zodiac Clothing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 117.93 |
Zodiac Clothing lagged returns against current returns
Autocorrelation, which is Zodiac Clothing 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 Zodiac Clothing's stock expected returns. We can calculate the autocorrelation of Zodiac Clothing returns to help us make a trade decision. For example, suppose you find that Zodiac Clothing 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 |
Zodiac Clothing 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 Zodiac Clothing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zodiac Clothing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zodiac Clothing stock over time.
Current vs Lagged Prices |
| Timeline |
Zodiac Clothing Lagged Returns
When evaluating Zodiac Clothing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zodiac Clothing stock have on its future price. Zodiac Clothing 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, Zodiac Clothing autocorrelation shows the relationship between Zodiac Clothing stock current value and its past values and can show if there is a momentum factor associated with investing in Zodiac Clothing.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Zodiac Stock
Zodiac Clothing financial ratios help investors to determine whether Zodiac 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 Zodiac with respect to the benefits of owning Zodiac Clothing security.