Zkh Group Limited Stock Market Value
| ZKH Stock | 3.59 0.06 1.64% |
| Symbol | ZKH |
ZKH Group Limited Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 ZKH Group. If investors know ZKH 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 ZKH Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.45) | Revenue Per Share 82.533 | Quarterly Revenue Growth 0.085 | Return On Assets (0.04) | Return On Equity (0.18) |
The market value of ZKH Group Limited is measured differently than its book value, which is the value of ZKH that is recorded on the company's balance sheet. Investors also form their own opinion of ZKH Group's value that differs from its market value or its book value, called intrinsic value, which is ZKH Group'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 ZKH Group's market value can be influenced by many factors that don't directly affect ZKH Group'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 ZKH Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if ZKH Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZKH Group'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.
ZKH Group '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 ZKH Group'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 ZKH Group.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in ZKH Group on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding ZKH Group Limited or generate 0.0% return on investment in ZKH Group over 360 days. ZKH Group is related to or competes with Stepan, Bright Scholar, 51Talk Online, Hudson Technologies, Sensient Technologies, Eastman Chemical, and Origin Materials. ZKH Group is entity of United States. It is traded as Stock on NYSE exchange. More
ZKH Group 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 ZKH Group'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 ZKH Group Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.38 | |||
| Information Ratio | 0.0639 | |||
| Maximum Drawdown | 20.13 | |||
| Value At Risk | (5.29) | |||
| Potential Upside | 5.07 |
ZKH Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZKH Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZKH Group's standard deviation. In reality, there are many statistical measures that can use ZKH Group historical prices to predict the future ZKH Group's volatility.| Risk Adjusted Performance | 0.0811 | |||
| Jensen Alpha | 0.306 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0628 | |||
| Treynor Ratio | 1.82 |
ZKH Group Limited Backtested Returns
ZKH Group appears to be relatively risky, given 3 months investment horizon. ZKH Group Limited shows Sharpe Ratio of 0.12, which attests that the company had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for ZKH Group Limited, which you can use to evaluate the volatility of the company. Please utilize ZKH Group's Mean Deviation of 2.49, downside deviation of 3.38, and Risk Adjusted Performance of 0.0811 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ZKH Group holds a performance score of 9. The firm maintains a market beta of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ZKH Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding ZKH Group is expected to be smaller as well. Please check ZKH Group's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether ZKH Group's historical returns will revert.
Auto-correlation | -0.54 |
Good reverse predictability
ZKH Group Limited has good reverse predictability. Overlapping area represents the amount of predictability between ZKH Group time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 ZKH Group Limited price movement. The serial correlation of -0.54 indicates that about 54.0% of current ZKH Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
ZKH Group Limited lagged returns against current returns
Autocorrelation, which is ZKH Group 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 ZKH Group's stock expected returns. We can calculate the autocorrelation of ZKH Group returns to help us make a trade decision. For example, suppose you find that ZKH Group 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 |
ZKH Group 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 ZKH Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZKH Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZKH Group stock over time.
Current vs Lagged Prices |
| Timeline |
ZKH Group Lagged Returns
When evaluating ZKH Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZKH Group stock have on its future price. ZKH Group 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, ZKH Group autocorrelation shows the relationship between ZKH Group stock current value and its past values and can show if there is a momentum factor associated with investing in ZKH Group Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether ZKH Group Limited offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ZKH Group's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Zkh Group Limited Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Zkh Group Limited Stock:Check out ZKH Group Correlation, ZKH Group Volatility and ZKH Group Alpha and Beta module to complement your research on ZKH Group. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
ZKH Group 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.