ZENERGY B (Germany) Market Value
| 8T4 Stock | EUR 0.15 0.03 16.67% |
| Symbol | ZENERGY |
ZENERGY B '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 ZENERGY B'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 ZENERGY B.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in ZENERGY B on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding ZENERGY B AB or generate 0.0% return on investment in ZENERGY B over 30 days. ZENERGY B is related to or competes with DAIKIN INDUSTRUNSPADR, Carrier Global, Geberit AG, FLAT GLASS, TRAVIS PERKINS, HALSTEAD JAMES, and BLUELINX HLDGS. Zenergy AB undertakes housing and ZIP contracts in Sweden More
ZENERGY B 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 ZENERGY B'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 ZENERGY B AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 28.18 | |||
| Value At Risk | (9.09) |
ZENERGY B Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZENERGY B's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZENERGY B's standard deviation. In reality, there are many statistical measures that can use ZENERGY B historical prices to predict the future ZENERGY B's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.70) | |||
| Total Risk Alpha | (0.81) | |||
| Treynor Ratio | 2.6 |
ZENERGY B AB Backtested Returns
ZENERGY B AB shows Sharpe Ratio of -0.18, which attests that the company had a -0.18% return per unit of standard deviation over the last 3 months. ZENERGY B AB exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ZENERGY B's Mean Deviation of 1.82, standard deviation of 3.86, and Risk Adjusted Performance of (0.13) to validate the risk estimate we provide. The firm maintains a market beta of -0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ZENERGY B are expected to decrease at a much lower rate. During the bear market, ZENERGY B is likely to outperform the market. At this point, ZENERGY B AB has a negative expected return of -0.71%. Please make sure to check out ZENERGY B's standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if ZENERGY B AB performance from the past will be repeated at future time.
Auto-correlation | 0.77 |
Good predictability
ZENERGY B AB has good predictability. Overlapping area represents the amount of predictability between ZENERGY B time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 ZENERGY B AB price movement. The serial correlation of 0.77 indicates that around 77.0% of current ZENERGY B price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ZENERGY B AB lagged returns against current returns
Autocorrelation, which is ZENERGY B 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 ZENERGY B's stock expected returns. We can calculate the autocorrelation of ZENERGY B returns to help us make a trade decision. For example, suppose you find that ZENERGY B 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 |
ZENERGY B 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 ZENERGY B stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZENERGY B stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZENERGY B stock over time.
Current vs Lagged Prices |
| Timeline |
ZENERGY B Lagged Returns
When evaluating ZENERGY B's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZENERGY B stock have on its future price. ZENERGY B 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, ZENERGY B autocorrelation shows the relationship between ZENERGY B stock current value and its past values and can show if there is a momentum factor associated with investing in ZENERGY B AB.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ZENERGY Stock
ZENERGY B financial ratios help investors to determine whether ZENERGY 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 ZENERGY with respect to the benefits of owning ZENERGY B security.