Zhibao Technology Class Stock Market Value
| ZBAO Stock | 2.20 0.47 17.60% |
| Symbol | Zhibao |
Zhibao Technology Class Price To Book Ratio
Is Insurance Brokers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Zhibao Technology. If investors know Zhibao will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Zhibao Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.27) | Revenue Per Share 12.565 | Quarterly Revenue Growth (0.08) | Return On Assets (0.13) | Return On Equity (2.75) |
The market value of Zhibao Technology Class is measured differently than its book value, which is the value of Zhibao that is recorded on the company's balance sheet. Investors also form their own opinion of Zhibao Technology's value that differs from its market value or its book value, called intrinsic value, which is Zhibao Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Zhibao Technology's market value can be influenced by many factors that don't directly affect Zhibao Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Zhibao Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zhibao Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zhibao Technology'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.
Zhibao Technology '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 Zhibao Technology'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 Zhibao Technology.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Zhibao Technology on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Zhibao Technology Class or generate 0.0% return on investment in Zhibao Technology over 510 days. Zhibao Technology is related to or competes with EHealth, Erie Indemnity, Arthur J, Aon PLC, Brown Brown, Marsh McLennan, and Willis Towers. Zhibao Technology is entity of United States More
Zhibao Technology 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 Zhibao Technology'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 Zhibao Technology Class upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 27.12 | |||
| Value At Risk | (10.02) | |||
| Potential Upside | 9.41 |
Zhibao Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhibao Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhibao Technology's standard deviation. In reality, there are many statistical measures that can use Zhibao Technology historical prices to predict the future Zhibao Technology's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.69) | |||
| Total Risk Alpha | (1.59) | |||
| Treynor Ratio | (22.87) |
Zhibao Technology Class Backtested Returns
Zhibao Technology Class shows Sharpe Ratio of -0.14, which attests that the company had a -0.14% return per unit of risk over the last 3 months. Zhibao Technology Class exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zhibao Technology's Market Risk Adjusted Performance of (22.86), standard deviation of 5.71, and Mean Deviation of 4.1 to validate the risk estimate we provide. The firm maintains a market beta of 0.0299, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zhibao Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhibao Technology is expected to be smaller as well. At this point, Zhibao Technology Class has a negative expected return of -0.76%. Please make sure to check out Zhibao Technology's jensen alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Zhibao Technology Class performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Zhibao Technology Class has no correlation between past and present. Overlapping area represents the amount of predictability between Zhibao Technology time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 Zhibao Technology Class price movement. The serial correlation of 0.0 indicates that just 0.0% of current Zhibao Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Zhibao Technology Class lagged returns against current returns
Autocorrelation, which is Zhibao Technology 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 Zhibao Technology's stock expected returns. We can calculate the autocorrelation of Zhibao Technology returns to help us make a trade decision. For example, suppose you find that Zhibao Technology 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 |
Zhibao Technology 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 Zhibao Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhibao Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhibao Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Zhibao Technology Lagged Returns
When evaluating Zhibao Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhibao Technology stock have on its future price. Zhibao Technology 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, Zhibao Technology autocorrelation shows the relationship between Zhibao Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Zhibao Technology Class.
Regressed Prices |
| Timeline |
Pair Trading with Zhibao Technology
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 Zhibao Technology 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 Zhibao Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Zhibao Stock
Moving against Zhibao Stock
| 0.84 | L | Loews Corp | PairCorr |
| 0.82 | BK | Bank of New York Fiscal Year End 10th of January 2025 | PairCorr |
| 0.78 | EHTH | eHealth | PairCorr |
| 0.78 | BN | Brookfield Corp | PairCorr |
| 0.77 | C | Citigroup Aggressive Push | PairCorr |
The ability to find closely correlated positions to Zhibao Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zhibao Technology 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 Zhibao Technology - 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 Zhibao Technology Class to buy it.
The correlation of Zhibao Technology 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 Zhibao Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zhibao Technology Class 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 Zhibao Technology 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.Check out Zhibao Technology Correlation, Zhibao Technology Volatility and Zhibao Technology Alpha and Beta module to complement your research on Zhibao Technology. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Zhibao Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.