Zoy Home (China) Market Value
| 603709 Stock | 11.54 0.23 2.03% |
| Symbol | Zoy |
Zoy Home '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 Zoy Home'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 Zoy Home.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Zoy Home on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Zoy Home Furnishing or generate 0.0% return on investment in Zoy Home over 30 days. Zoy Home is related to or competes with Xinhua Winshare, Dhc Software, Yingde Greatchem, Shanghai Action, Jiangsu Financial, Miracll Chemicals, and Time Publishing. Zoy Home is entity of China. It is traded as Stock on SHG exchange. More
Zoy Home 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 Zoy Home'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 Zoy Home Furnishing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.96 | |||
| Information Ratio | 0.1304 | |||
| Maximum Drawdown | 17.4 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 4.59 |
Zoy Home Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zoy Home's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zoy Home's standard deviation. In reality, there are many statistical measures that can use Zoy Home historical prices to predict the future Zoy Home's volatility.| Risk Adjusted Performance | 0.1458 | |||
| Jensen Alpha | 0.4751 | |||
| Total Risk Alpha | 0.0291 | |||
| Sortino Ratio | 0.1188 | |||
| Treynor Ratio | 13.36 |
Zoy Home Furnishing Backtested Returns
Zoy Home appears to be somewhat reliable, given 3 months investment horizon. Zoy Home Furnishing shows Sharpe Ratio of 0.2, which attests that the company had a 0.2% return per unit of risk over the last 3 months. By examining Zoy Home's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please utilize Zoy Home's Mean Deviation of 2.07, market risk adjusted performance of 13.37, and Downside Deviation of 2.96 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zoy Home holds a performance score of 15. The firm maintains a market beta of 0.0359, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zoy Home's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zoy Home is expected to be smaller as well. Please check Zoy Home's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Zoy Home's historical returns will revert.
Auto-correlation | 0.53 |
Modest predictability
Zoy Home Furnishing has modest predictability. Overlapping area represents the amount of predictability between Zoy Home time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Zoy Home Furnishing price movement. The serial correlation of 0.53 indicates that about 53.0% of current Zoy Home price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Zoy Home Furnishing lagged returns against current returns
Autocorrelation, which is Zoy Home 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 Zoy Home's stock expected returns. We can calculate the autocorrelation of Zoy Home returns to help us make a trade decision. For example, suppose you find that Zoy Home 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 |
Zoy Home 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 Zoy Home stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zoy Home stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zoy Home stock over time.
Current vs Lagged Prices |
| Timeline |
Zoy Home Lagged Returns
When evaluating Zoy Home's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zoy Home stock have on its future price. Zoy Home 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, Zoy Home autocorrelation shows the relationship between Zoy Home stock current value and its past values and can show if there is a momentum factor associated with investing in Zoy Home Furnishing.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zoy Stock
Zoy Home financial ratios help investors to determine whether Zoy 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 Zoy with respect to the benefits of owning Zoy Home security.