Zinc8 Energy Solutions Stock Market Value
| ZAIRF Stock | USD 0.03 0.01 15.63% |
| Symbol | Zinc8 |
Zinc8 Energy '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 Zinc8 Energy'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 Zinc8 Energy.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Zinc8 Energy on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Zinc8 Energy Solutions or generate 0.0% return on investment in Zinc8 Energy over 30 days. Zinc8 Energy is related to or competes with Novonix, Novonix, Eos Energy, Legrand SA, and AFC Energy. Zinc8 Energy Solutions Inc. develops and commercializes zinc-air flow batteries More
Zinc8 Energy 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 Zinc8 Energy'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 Zinc8 Energy Solutions upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 60.94 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 23.33 |
Zinc8 Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zinc8 Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zinc8 Energy's standard deviation. In reality, there are many statistical measures that can use Zinc8 Energy historical prices to predict the future Zinc8 Energy's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | 0.8831 |
Zinc8 Energy Solutions Backtested Returns
Zinc8 Energy Solutions shows Sharpe Ratio of -0.1, which attests that the company had a -0.1% return per unit of risk over the last 3 months. Zinc8 Energy Solutions exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zinc8 Energy's Market Risk Adjusted Performance of 0.8931, mean deviation of 6.72, and Standard Deviation of 10.51 to validate the risk estimate we provide. The firm maintains a market beta of -0.61, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zinc8 Energy are expected to decrease at a much lower rate. During the bear market, Zinc8 Energy is likely to outperform the market. At this point, Zinc8 Energy Solutions has a negative expected return of -1.03%. Please make sure to check out Zinc8 Energy's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Zinc8 Energy Solutions performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Zinc8 Energy Solutions has virtually no predictability. Overlapping area represents the amount of predictability between Zinc8 Energy 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 Zinc8 Energy Solutions price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Zinc8 Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Zinc8 Energy Solutions lagged returns against current returns
Autocorrelation, which is Zinc8 Energy 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 Zinc8 Energy's pink sheet expected returns. We can calculate the autocorrelation of Zinc8 Energy returns to help us make a trade decision. For example, suppose you find that Zinc8 Energy 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 |
Zinc8 Energy 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 Zinc8 Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zinc8 Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zinc8 Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Zinc8 Energy Lagged Returns
When evaluating Zinc8 Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zinc8 Energy pink sheet have on its future price. Zinc8 Energy 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, Zinc8 Energy autocorrelation shows the relationship between Zinc8 Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Zinc8 Energy Solutions.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zinc8 Pink Sheet
Zinc8 Energy financial ratios help investors to determine whether Zinc8 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 Zinc8 with respect to the benefits of owning Zinc8 Energy security.