Zonte Metals Stock Market Value
| ZON Stock | CAD 0.09 0.01 5.56% |
| Symbol | Zonte |
Zonte Metals '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 Zonte Metals' 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 Zonte Metals.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Zonte Metals on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Zonte Metals or generate 0.0% return on investment in Zonte Metals over 390 days. Zonte Metals is related to or competes with Q Gold, and Goldbank Mining. Zonte Metals Inc., a junior exploration company, acquires and explores for mineral properties in Canada More
Zonte Metals 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 Zonte Metals' 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 Zonte Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.76 | |||
| Information Ratio | 0.1074 | |||
| Maximum Drawdown | 30.95 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 16.67 |
Zonte Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zonte Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zonte Metals' standard deviation. In reality, there are many statistical measures that can use Zonte Metals historical prices to predict the future Zonte Metals' volatility.| Risk Adjusted Performance | 0.0978 | |||
| Jensen Alpha | 0.7277 | |||
| Total Risk Alpha | 0.5421 | |||
| Sortino Ratio | 0.0511 | |||
| Treynor Ratio | (6.70) |
Zonte Metals Backtested Returns
Zonte Metals appears to be out of control, given 3 months investment horizon. Zonte Metals shows Sharpe Ratio of 0.078, which attests that the company had a 0.078% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Zonte Metals, which you can use to evaluate the volatility of the company. Please utilize Zonte Metals' Downside Deviation of 13.76, mean deviation of 3.5, and Market Risk Adjusted Performance of (6.69) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zonte Metals holds a performance score of 6. The firm maintains a market beta of -0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zonte Metals are expected to decrease at a much lower rate. During the bear market, Zonte Metals is likely to outperform the market. Please check Zonte Metals' value at risk and the relationship between the expected short fall and period momentum indicator , to make a quick decision on whether Zonte Metals' historical returns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Zonte Metals has insignificant reverse predictability. Overlapping area represents the amount of predictability between Zonte Metals time series from 28th of November 2023 to 10th of June 2024 and 10th of June 2024 to 22nd 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 Zonte Metals price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Zonte Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Zonte Metals lagged returns against current returns
Autocorrelation, which is Zonte Metals 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 Zonte Metals' stock expected returns. We can calculate the autocorrelation of Zonte Metals returns to help us make a trade decision. For example, suppose you find that Zonte Metals 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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Zonte Metals 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 Zonte Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zonte Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zonte Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Zonte Metals Lagged Returns
When evaluating Zonte Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zonte Metals stock have on its future price. Zonte Metals 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, Zonte Metals autocorrelation shows the relationship between Zonte Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Zonte Metals.
Regressed Prices |
| Timeline |
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Additional Tools for Zonte Stock Analysis
When running Zonte Metals' price analysis, check to measure Zonte Metals' 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 Zonte Metals is operating at the current time. Most of Zonte Metals' value examination focuses on studying past and present price action to predict the probability of Zonte Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zonte Metals' price. Additionally, you may evaluate how the addition of Zonte Metals to your portfolios can decrease your overall portfolio volatility.