Zk International Group Stock Market Value
| ZKIN Stock | USD 0.52 0.02 3.70% |
| Symbol | ZKIN |
ZK International Price To Book Ratio
Is Metals & Mining 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 ZK International. If investors know ZKIN 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 ZK International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.98) | Earnings Share (1.95) | Revenue Per Share 3.592 | Quarterly Revenue Growth 0.065 | Return On Assets (0.05) |
The market value of ZK International is measured differently than its book value, which is the value of ZKIN that is recorded on the company's balance sheet. Investors also form their own opinion of ZK International's value that differs from its market value or its book value, called intrinsic value, which is ZK International'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 ZK International's market value can be influenced by many factors that don't directly affect ZK International'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 ZK International's value and its price as these two are different measures arrived at by different means. Investors typically determine if ZK International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZK International'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.
ZK International '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 ZK International'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 ZK International.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in ZK International on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding ZK International Group or generate 0.0% return on investment in ZK International over 30 days. ZK International is related to or competes with Hongli Group, Reliance Steel, Companhia Siderurgica, ArcelorMittal, Mesabi Trust, Steel Dynamics, and Cleveland Cliffs. ZK International Group Co., Ltd., through its subsidiaries, engages in the designing, producing, and selling double-pres... More
ZK International 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 ZK International'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 ZK International Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.97 | |||
| Information Ratio | 0.0355 | |||
| Maximum Drawdown | 41.87 | |||
| Value At Risk | (8.47) | |||
| Potential Upside | 11.36 |
ZK International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZK International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZK International's standard deviation. In reality, there are many statistical measures that can use ZK International historical prices to predict the future ZK International's volatility.| Risk Adjusted Performance | 0.0504 | |||
| Jensen Alpha | 0.2936 | |||
| Total Risk Alpha | (0.64) | |||
| Sortino Ratio | 0.039 | |||
| Treynor Ratio | 0.7378 |
ZK International Backtested Returns
ZK International appears to be out of control, given 3 months investment horizon. ZK International retains Efficiency (Sharpe Ratio) of 0.0603, which attests that the company had a 0.0603% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for ZK International, which you can use to evaluate the volatility of the company. Please utilize ZK International's standard deviation of 6.57, and Market Risk Adjusted Performance of 0.7478 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ZK International holds a performance score of 4. The firm owns a Beta (Systematic Risk) of 0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ZK International's returns are expected to increase less than the market. However, during the bear market, the loss of holding ZK International is expected to be smaller as well. Please check ZK International's standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether ZK International's current price history will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
ZK International Group has very weak reverse predictability. Overlapping area represents the amount of predictability between ZK International time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 ZK International price movement. The serial correlation of -0.06 indicates that barely 6.0% of current ZK International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ZK International lagged returns against current returns
Autocorrelation, which is ZK International 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 ZK International's stock expected returns. We can calculate the autocorrelation of ZK International returns to help us make a trade decision. For example, suppose you find that ZK International 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 |
ZK International 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 ZK International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZK International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZK International stock over time.
Current vs Lagged Prices |
| Timeline |
ZK International Lagged Returns
When evaluating ZK International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZK International stock have on its future price. ZK International 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, ZK International autocorrelation shows the relationship between ZK International stock current value and its past values and can show if there is a momentum factor associated with investing in ZK International Group.
Regressed Prices |
| Timeline |
Pair Trading with ZK International
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 ZK International 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 ZK International will appreciate offsetting losses from the drop in the long position's value.Moving against ZKIN Stock
The ability to find closely correlated positions to ZK International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ZK International 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 ZK International - 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 ZK International Group to buy it.
The correlation of ZK International 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 ZK International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ZK International 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 ZK International 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 ZK International Correlation, ZK International Volatility and ZK International Alpha and Beta module to complement your research on ZK International. 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.
ZK International 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.