ZF Commercial (India) Market Value
| ZFCVINDIA | 12,381 49.20 0.40% |
| Symbol | ZFCVINDIA |
ZF Commercial '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 ZF Commercial'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 ZF Commercial.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in ZF Commercial on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding ZF Commercial Vehicle or generate 0.0% return on investment in ZF Commercial over 180 days. ZF Commercial is related to or competes with Nucleus Software, Newgen Software, Le Travenues, Kalyani Investment, Compucom Software, Syrma SGS, and BF Investment. ZF Commercial is entity of India. It is traded as Stock on NSE exchange. More
ZF Commercial 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 ZF Commercial'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 ZF Commercial Vehicle upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 17.06 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 3.04 |
ZF Commercial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZF Commercial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZF Commercial's standard deviation. In reality, there are many statistical measures that can use ZF Commercial historical prices to predict the future ZF Commercial's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | 1.22 |
ZF Commercial Vehicle Backtested Returns
ZF Commercial Vehicle retains Efficiency (Sharpe Ratio) of -0.14, which attests that the company had a -0.14% return per unit of price deviation over the last 3 months. ZF Commercial exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ZF Commercial's information ratio of (0.17), and Market Risk Adjusted Performance of 1.23 to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ZF Commercial are expected to decrease at a much lower rate. During the bear market, ZF Commercial is likely to outperform the market. At this point, ZF Commercial Vehicle has a negative expected return of -0.36%. Please make sure to check out ZF Commercial's skewness, and the relationship between the total risk alpha and day median price , to decide if ZF Commercial Vehicle performance from the past will be repeated sooner or later.
Auto-correlation | 0.51 |
Modest predictability
ZF Commercial Vehicle has modest predictability. Overlapping area represents the amount of predictability between ZF Commercial time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 ZF Commercial Vehicle price movement. The serial correlation of 0.51 indicates that about 51.0% of current ZF Commercial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 1.4 M |
ZF Commercial Vehicle lagged returns against current returns
Autocorrelation, which is ZF Commercial 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 ZF Commercial's stock expected returns. We can calculate the autocorrelation of ZF Commercial returns to help us make a trade decision. For example, suppose you find that ZF Commercial 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 |
ZF Commercial 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 ZF Commercial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZF Commercial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZF Commercial stock over time.
Current vs Lagged Prices |
| Timeline |
ZF Commercial Lagged Returns
When evaluating ZF Commercial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZF Commercial stock have on its future price. ZF Commercial 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, ZF Commercial autocorrelation shows the relationship between ZF Commercial stock current value and its past values and can show if there is a momentum factor associated with investing in ZF Commercial Vehicle.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in ZFCVINDIA Stock
ZF Commercial financial ratios help investors to determine whether ZFCVINDIA 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 ZFCVINDIA with respect to the benefits of owning ZF Commercial security.