Zanlakol (Israel) Market Value
| ZNKL Stock | ILS 4,251 79.00 1.82% |
| Symbol | Zanlakol |
Zanlakol '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 Zanlakol'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 Zanlakol.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Zanlakol on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Zanlakol or generate 0.0% return on investment in Zanlakol over 30 days. Zanlakol is related to or competes with Strauss, Kerur Holdings, Willy Food, Millennium Food, and Nextferm Technologies. It offers hummus and dips, cooking sauces, tomato products, canned vegetables, and fruits and syrups, as well as customi... More
Zanlakol 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 Zanlakol'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 Zanlakol upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.53 | |||
| Information Ratio | 0.1233 | |||
| Maximum Drawdown | 6.8 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 3.39 |
Zanlakol Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zanlakol's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zanlakol's standard deviation. In reality, there are many statistical measures that can use Zanlakol historical prices to predict the future Zanlakol's volatility.| Risk Adjusted Performance | 0.1437 | |||
| Jensen Alpha | 0.3222 | |||
| Total Risk Alpha | 0.0494 | |||
| Sortino Ratio | 0.1497 | |||
| Treynor Ratio | 1.89 |
Zanlakol Backtested Returns
Zanlakol appears to be very steady, given 3 months investment horizon. Zanlakol shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zanlakol, which you can use to evaluate the volatility of the company. Please utilize Zanlakol's Mean Deviation of 1.38, downside deviation of 1.53, and Market Risk Adjusted Performance of 1.9 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zanlakol holds a performance score of 10. 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, Zanlakol's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zanlakol is expected to be smaller as well. Please check Zanlakol's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Zanlakol's historical returns will revert.
Auto-correlation | 0.42 |
Average predictability
Zanlakol has average predictability. Overlapping area represents the amount of predictability between Zanlakol time series from 12th of November 2024 to 27th of November 2024 and 27th of November 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 Zanlakol price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Zanlakol price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 17.9 K |
Zanlakol lagged returns against current returns
Autocorrelation, which is Zanlakol 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 Zanlakol's stock expected returns. We can calculate the autocorrelation of Zanlakol returns to help us make a trade decision. For example, suppose you find that Zanlakol 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 |
Zanlakol 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 Zanlakol stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zanlakol stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zanlakol stock over time.
Current vs Lagged Prices |
| Timeline |
Zanlakol Lagged Returns
When evaluating Zanlakol's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zanlakol stock have on its future price. Zanlakol 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, Zanlakol autocorrelation shows the relationship between Zanlakol stock current value and its past values and can show if there is a momentum factor associated with investing in Zanlakol.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Zanlakol Stock
Zanlakol financial ratios help investors to determine whether Zanlakol 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 Zanlakol with respect to the benefits of owning Zanlakol security.