Zhaojin Mining (Germany) Market Value
| ZVL Stock | EUR 1.37 0.10 7.87% |
| Symbol | Zhaojin |
Zhaojin Mining '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 Zhaojin Mining'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 Zhaojin Mining.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Zhaojin Mining on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Zhaojin Mining Industry or generate 0.0% return on investment in Zhaojin Mining over 60 days. Zhaojin Mining is related to or competes with KOOL2PLAY, Cairo Communication, Iridium Communications, Shenandoah Telecommunicatio, and Playa Hotels. Zhaojin Mining Industry Company Limited, an investment holding company, engages in the exploration, mining, processing, ... More
Zhaojin Mining 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 Zhaojin Mining'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 Zhaojin Mining Industry upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 18.29 | |||
| Value At Risk | (5.33) | |||
| Potential Upside | 6.13 |
Zhaojin Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhaojin Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhaojin Mining's standard deviation. In reality, there are many statistical measures that can use Zhaojin Mining historical prices to predict the future Zhaojin Mining's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.203 |
Zhaojin Mining Industry Backtested Returns
Zhaojin Mining Industry shows Sharpe Ratio of -0.0606, which attests that the company had a -0.0606% return per unit of risk over the last 3 months. Zhaojin Mining Industry exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zhaojin Mining's Mean Deviation of 3.03, market risk adjusted performance of 0.213, and Standard Deviation of 3.72 to validate the risk estimate we provide. The firm maintains a market beta of -0.63, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zhaojin Mining are expected to decrease at a much lower rate. During the bear market, Zhaojin Mining is likely to outperform the market. At this point, Zhaojin Mining Industry has a negative expected return of -0.22%. Please make sure to check out Zhaojin Mining's variance, treynor ratio, daily balance of power, as well as the relationship between the jensen alpha and skewness , to decide if Zhaojin Mining Industry performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Zhaojin Mining Industry has insignificant reverse predictability. Overlapping area represents the amount of predictability between Zhaojin Mining time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Zhaojin Mining Industry price movement. The serial correlation of -0.18 indicates that over 18.0% of current Zhaojin Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Zhaojin Mining Industry lagged returns against current returns
Autocorrelation, which is Zhaojin Mining 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 Zhaojin Mining's stock expected returns. We can calculate the autocorrelation of Zhaojin Mining returns to help us make a trade decision. For example, suppose you find that Zhaojin Mining 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 |
Zhaojin Mining 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 Zhaojin Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhaojin Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhaojin Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Zhaojin Mining Lagged Returns
When evaluating Zhaojin Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhaojin Mining stock have on its future price. Zhaojin Mining 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, Zhaojin Mining autocorrelation shows the relationship between Zhaojin Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Zhaojin Mining Industry.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zhaojin Stock
Zhaojin Mining financial ratios help investors to determine whether Zhaojin 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 Zhaojin with respect to the benefits of owning Zhaojin Mining security.