Zoomd Technologies Stock Market Value
| ZOMD Stock | CAD 0.77 0.01 1.28% |
| Symbol | Zoomd |
Zoomd Technologies Price To Book Ratio
Zoomd Technologies '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 Zoomd Technologies' 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 Zoomd Technologies.
| 01/21/2023 |
| 01/10/2025 |
If you would invest 0.00 in Zoomd Technologies on January 21, 2023 and sell it all today you would earn a total of 0.00 from holding Zoomd Technologies or generate 0.0% return on investment in Zoomd Technologies over 720 days. Zoomd Technologies Ltd. develops proprietary patented technology for leveraging onsite search for publishers, media agen... More
Zoomd Technologies 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 Zoomd Technologies' 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 Zoomd Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.04 | |||
| Information Ratio | 0.1575 | |||
| Maximum Drawdown | 34.98 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 12.77 |
Zoomd Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zoomd Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zoomd Technologies' standard deviation. In reality, there are many statistical measures that can use Zoomd Technologies historical prices to predict the future Zoomd Technologies' volatility.| Risk Adjusted Performance | 0.1377 | |||
| Jensen Alpha | 0.9483 | |||
| Total Risk Alpha | 0.8426 | |||
| Sortino Ratio | 0.2373 | |||
| Treynor Ratio | 0.6073 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zoomd Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Zoomd Technologies Backtested Returns
Zoomd Technologies appears to be out of control, given 3 months investment horizon. Zoomd Technologies shows Sharpe Ratio of 0.12, which attests that the company had a 0.12% return per unit of risk over the last 3 months. By examining Zoomd Technologies' technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please utilize Zoomd Technologies' Mean Deviation of 4.31, market risk adjusted performance of 0.6173, and Downside Deviation of 4.04 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zoomd Technologies holds a performance score of 9. The firm maintains a market beta of 1.61, 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, Zoomd Technologies will likely underperform. Please check Zoomd Technologies' maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Zoomd Technologies' historical returns will revert.
Auto-correlation | -0.54 |
Good reverse predictability
Zoomd Technologies has good reverse predictability. Overlapping area represents the amount of predictability between Zoomd Technologies time series from 21st of January 2023 to 16th of January 2024 and 16th of January 2024 to 10th of January 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 Zoomd Technologies price movement. The serial correlation of -0.54 indicates that about 54.0% of current Zoomd Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Zoomd Technologies lagged returns against current returns
Autocorrelation, which is Zoomd Technologies 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 Zoomd Technologies' stock expected returns. We can calculate the autocorrelation of Zoomd Technologies returns to help us make a trade decision. For example, suppose you find that Zoomd Technologies 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 |
Zoomd Technologies 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 Zoomd Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zoomd Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zoomd Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Zoomd Technologies Lagged Returns
When evaluating Zoomd Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zoomd Technologies stock have on its future price. Zoomd Technologies 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, Zoomd Technologies autocorrelation shows the relationship between Zoomd Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Zoomd Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Zoomd Stock Analysis
When running Zoomd Technologies' price analysis, check to measure Zoomd Technologies' 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 Zoomd Technologies is operating at the current time. Most of Zoomd Technologies' value examination focuses on studying past and present price action to predict the probability of Zoomd Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zoomd Technologies' price. Additionally, you may evaluate how the addition of Zoomd Technologies to your portfolios can decrease your overall portfolio volatility.