Zedcor Inc Stock Market Value
| CRFQF Stock | USD 2.42 0.06 2.42% |
| Symbol | Zedcor |
Zedcor '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 Zedcor's pink sheet 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 Zedcor.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Zedcor on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Zedcor Inc or generate 0.0% return on investment in Zedcor over 180 days. Zedcor is related to or competes with Vow ASA, and TOMI Environmental. Zedcor Inc. provides technology-based security and surveillance services in Western and Central Canada More
Zedcor 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 Zedcor's pink sheet 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 Zedcor Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.2073 | |||
| Maximum Drawdown | 32.43 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 12.0 |
Zedcor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zedcor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zedcor's standard deviation. In reality, there are many statistical measures that can use Zedcor historical prices to predict the future Zedcor's volatility.| Risk Adjusted Performance | 0.1879 | |||
| Jensen Alpha | 0.9522 | |||
| Total Risk Alpha | 0.3786 | |||
| Sortino Ratio | 0.3741 | |||
| Treynor Ratio | 0.9931 |
Zedcor Inc Backtested Returns
Zedcor is very risky given 3 months investment horizon. Zedcor Inc shows Sharpe Ratio of 0.25, which attests that the company had a 0.25% return per unit of risk over the last 3 months. We were able to break down and collect data for twenty-six different technical indicators, which can help you to evaluate if expected returns of 1.18% are justified by taking the suggested risk. Use Zedcor Inc Coefficient Of Variation of 426.8, market risk adjusted performance of 1.0, and Mean Deviation of 2.34 to evaluate company specific risk that cannot be diversified away. Zedcor holds a performance score of 19 on a scale of zero to a hundred. The firm maintains a market beta of 1.08, which attests to a somewhat significant risk relative to the market. Zedcor returns are very sensitive to returns on the market. As the market goes up or down, Zedcor is expected to follow. Use Zedcor Inc standard deviation, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to analyze future returns on Zedcor Inc.
Auto-correlation | 0.89 |
Very good predictability
Zedcor Inc has very good predictability. Overlapping area represents the amount of predictability between Zedcor time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Zedcor Inc price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Zedcor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Zedcor Inc lagged returns against current returns
Autocorrelation, which is Zedcor pink sheet'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 Zedcor's pink sheet expected returns. We can calculate the autocorrelation of Zedcor returns to help us make a trade decision. For example, suppose you find that Zedcor has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Zedcor 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 Zedcor pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zedcor pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zedcor pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Zedcor Lagged Returns
When evaluating Zedcor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zedcor pink sheet have on its future price. Zedcor 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, Zedcor autocorrelation shows the relationship between Zedcor pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Zedcor Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zedcor Pink Sheet
Zedcor financial ratios help investors to determine whether Zedcor Pink Sheet 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 Zedcor with respect to the benefits of owning Zedcor security.