ZTE Corp (China) Market Value
| 000063 Stock | 37.38 0.42 1.11% |
| Symbol | ZTE |
ZTE Corp '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 ZTE Corp'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 ZTE Corp.
| 09/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in ZTE Corp on September 23, 2024 and sell it all today you would earn a total of 0.00 from holding ZTE Corp or generate 0.0% return on investment in ZTE Corp over 90 days. ZTE Corp is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. ZTE Corp is entity of China. It is traded as Stock on SHE exchange. More
ZTE Corp 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 ZTE Corp'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 ZTE Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | 0.2053 | |||
| Maximum Drawdown | 16.49 | |||
| Value At Risk | (5.14) | |||
| Potential Upside | 8.97 |
ZTE Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZTE Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZTE Corp's standard deviation. In reality, there are many statistical measures that can use ZTE Corp historical prices to predict the future ZTE Corp's volatility.| Risk Adjusted Performance | 0.1777 | |||
| Jensen Alpha | 0.7416 | |||
| Total Risk Alpha | 0.6378 | |||
| Sortino Ratio | 0.263 | |||
| Treynor Ratio | (2.47) |
ZTE Corp Backtested Returns
ZTE Corp appears to be not too volatile, given 3 months investment horizon. ZTE Corp shows Sharpe Ratio of 0.2, which attests that the company had a 0.2% return per unit of volatility over the last 3 months. By analyzing ZTE Corp's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please utilize ZTE Corp's Risk Adjusted Performance of 0.1777, downside deviation of 2.71, and Mean Deviation of 2.49 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ZTE Corp holds a performance score of 16. The firm maintains a market beta of -0.3, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ZTE Corp are expected to decrease at a much lower rate. During the bear market, ZTE Corp is likely to outperform the market. Please check ZTE Corp's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether ZTE Corp's historical returns will revert.
Auto-correlation | -0.42 |
Modest reverse predictability
ZTE Corp has modest reverse predictability. Overlapping area represents the amount of predictability between ZTE Corp time series from 23rd of September 2024 to 7th of November 2024 and 7th of November 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 ZTE Corp price movement. The serial correlation of -0.42 indicates that just about 42.0% of current ZTE Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 2.05 |
ZTE Corp lagged returns against current returns
Autocorrelation, which is ZTE Corp 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 ZTE Corp's stock expected returns. We can calculate the autocorrelation of ZTE Corp returns to help us make a trade decision. For example, suppose you find that ZTE Corp 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 |
ZTE Corp 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 ZTE Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZTE Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZTE Corp stock over time.
Current vs Lagged Prices |
| Timeline |
ZTE Corp Lagged Returns
When evaluating ZTE Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZTE Corp stock have on its future price. ZTE Corp 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, ZTE Corp autocorrelation shows the relationship between ZTE Corp stock current value and its past values and can show if there is a momentum factor associated with investing in ZTE Corp.
Regressed Prices |
| Timeline |
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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 ZTE Stock
ZTE Corp financial ratios help investors to determine whether ZTE 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 ZTE with respect to the benefits of owning ZTE Corp security.