OK ZIMBABWE (Zimbabwe) Market Value
| OKZ Stock | 53.00 1.00 1.85% |
| Symbol | OKZ |
OK ZIMBABWE '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 OK ZIMBABWE'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 OK ZIMBABWE.
| 06/30/2024 |
| 12/27/2024 |
If you would invest 0.00 in OK ZIMBABWE on June 30, 2024 and sell it all today you would earn a total of 0.00 from holding OK ZIMBABWE LIMITED or generate 0.0% return on investment in OK ZIMBABWE over 180 days.
OK ZIMBABWE 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 OK ZIMBABWE'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 OK ZIMBABWE LIMITED upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 29.7 | |||
| Value At Risk | (10.04) | |||
| Potential Upside | 7.24 |
OK ZIMBABWE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OK ZIMBABWE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OK ZIMBABWE's standard deviation. In reality, there are many statistical measures that can use OK ZIMBABWE historical prices to predict the future OK ZIMBABWE's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.68) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | 0.3659 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of OK ZIMBABWE'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.
OK ZIMBABWE LIMITED Backtested Returns
OK ZIMBABWE LIMITED retains Efficiency (Sharpe Ratio) of -0.12, which implies the firm had a -0.12% return per unit of price deviation over the last 3 months. OK ZIMBABWE exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OK ZIMBABWE's information ratio of (0.15), and Market Risk Adjusted Performance of 0.3759 to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of -1.99, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning OK ZIMBABWE are expected to decrease by larger amounts. On the other hand, during market turmoil, OK ZIMBABWE is expected to outperform it. At this point, OK ZIMBABWE LIMITED has a negative expected return of -0.58%. Please make sure to check OK ZIMBABWE's total risk alpha, as well as the relationship between the skewness and day median price , to decide if OK ZIMBABWE LIMITED performance from the past will be repeated sooner or later.
Auto-correlation | -0.53 |
Good reverse predictability
OK ZIMBABWE LIMITED has good reverse predictability. Overlapping area represents the amount of predictability between OK ZIMBABWE time series from 30th of June 2024 to 28th of September 2024 and 28th of September 2024 to 27th 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 OK ZIMBABWE LIMITED price movement. The serial correlation of -0.53 indicates that about 53.0% of current OK ZIMBABWE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 114.65 |
OK ZIMBABWE LIMITED lagged returns against current returns
Autocorrelation, which is OK ZIMBABWE 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 OK ZIMBABWE's stock expected returns. We can calculate the autocorrelation of OK ZIMBABWE returns to help us make a trade decision. For example, suppose you find that OK ZIMBABWE 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 |
OK ZIMBABWE 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 OK ZIMBABWE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OK ZIMBABWE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OK ZIMBABWE stock over time.
Current vs Lagged Prices |
| Timeline |
OK ZIMBABWE Lagged Returns
When evaluating OK ZIMBABWE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OK ZIMBABWE stock have on its future price. OK ZIMBABWE 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, OK ZIMBABWE autocorrelation shows the relationship between OK ZIMBABWE stock current value and its past values and can show if there is a momentum factor associated with investing in OK ZIMBABWE LIMITED.
Regressed Prices |
| Timeline |
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