Zencash Investment Trust Stock Market Value
| HZEN Stock | USD 5.40 0.34 5.92% |
| Symbol | Zencash |
Please note, there is a significant difference between Zencash Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zencash Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zencash Investment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Zencash Investment '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 Zencash Investment's otc 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 Zencash Investment.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in Zencash Investment on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding Zencash Investment Trust or generate 0.0% return on investment in Zencash Investment over 720 days. Zencash Investment is related to or competes with Copa Holdings, United Airlines, Delta Air, SkyWest, and Allegiant Travel. More
Zencash Investment 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 Zencash Investment's otc 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 Zencash Investment Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.0 | |||
| Information Ratio | 0.1341 | |||
| Maximum Drawdown | 45.89 | |||
| Value At Risk | (10.62) | |||
| Potential Upside | 18.89 |
Zencash Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zencash Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zencash Investment's standard deviation. In reality, there are many statistical measures that can use Zencash Investment historical prices to predict the future Zencash Investment's volatility.| Risk Adjusted Performance | 0.112 | |||
| Jensen Alpha | 1.16 | |||
| Total Risk Alpha | 0.5295 | |||
| Sortino Ratio | 0.1938 | |||
| Treynor Ratio | 1.11 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zencash Investment's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Zencash Investment Trust Backtested Returns
Zencash Investment is very risky given 3 months investment horizon. Zencash Investment Trust shows Sharpe Ratio of 0.12, which attests that the company had a 0.12% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.07% are justified by taking the suggested risk. Use Zencash Investment Trust Market Risk Adjusted Performance of 1.12, downside deviation of 6.0, and Mean Deviation of 6.41 to evaluate company specific risk that cannot be diversified away. Zencash Investment holds a performance score of 9 on a scale of zero to a hundred. The firm maintains a market beta of 1.09, which attests to a somewhat significant risk relative to the market. Zencash Investment returns are very sensitive to returns on the market. As the market goes up or down, Zencash Investment is expected to follow. Use Zencash Investment Trust semi variance, and the relationship between the treynor ratio and daily balance of power , to analyze future returns on Zencash Investment Trust.
Auto-correlation | 0.07 |
Virtually no predictability
Zencash Investment Trust has virtually no predictability. Overlapping area represents the amount of predictability between Zencash Investment time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th 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 Zencash Investment Trust price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Zencash Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 2.91 |
Zencash Investment Trust lagged returns against current returns
Autocorrelation, which is Zencash Investment otc 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 Zencash Investment's otc stock expected returns. We can calculate the autocorrelation of Zencash Investment returns to help us make a trade decision. For example, suppose you find that Zencash Investment has exhibited high autocorrelation historically, and you observe that the otc 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 |
Zencash Investment 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 Zencash Investment otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zencash Investment otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zencash Investment otc stock over time.
Current vs Lagged Prices |
| Timeline |
Zencash Investment Lagged Returns
When evaluating Zencash Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zencash Investment otc stock have on its future price. Zencash Investment 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, Zencash Investment autocorrelation shows the relationship between Zencash Investment otc stock current value and its past values and can show if there is a momentum factor associated with investing in Zencash Investment Trust.
Regressed Prices |
| Timeline |
Pair Trading with Zencash Investment
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Zencash Investment position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Zencash Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with Zencash OTC Stock
Moving against Zencash OTC Stock
| 0.51 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
The ability to find closely correlated positions to Zencash Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zencash Investment when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Zencash Investment - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Zencash Investment Trust to buy it.
The correlation of Zencash Investment is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zencash Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zencash Investment Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Zencash Investment can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Zencash OTC Stock
Zencash Investment financial ratios help investors to determine whether Zencash OTC 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 Zencash with respect to the benefits of owning Zencash Investment security.