Zomato (India) Market Value
| ZOMATO Stock | 288.25 3.35 1.18% |
| Symbol | Zomato |
Zomato '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 Zomato'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 Zomato.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Zomato on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Zomato Limited or generate 0.0% return on investment in Zomato over 390 days. Zomato is related to or competes with Reliance Industries, HDFC Bank, Tata Consultancy, Bharti Airtel, State Bank, and ICICI Bank. Zomato is entity of India. It is traded as Stock on NSE exchange. More
Zomato 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 Zomato'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 Zomato Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | 0.0043 | |||
| Maximum Drawdown | 9.58 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 4.47 |
Zomato Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zomato's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zomato's standard deviation. In reality, there are many statistical measures that can use Zomato historical prices to predict the future Zomato's volatility.| Risk Adjusted Performance | 0.0442 | |||
| Jensen Alpha | 0.0197 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0045 | |||
| Treynor Ratio | 0.1235 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zomato's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Zomato Limited Backtested Returns
At this point, Zomato is very steady. Zomato Limited shows Sharpe Ratio of 0.037, which attests that the company had a 0.037% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zomato Limited, which you can use to evaluate the volatility of the company. Please check out Zomato's Mean Deviation of 1.91, market risk adjusted performance of 0.1335, and Downside Deviation of 2.28 to validate if the risk estimate we provide is consistent with the expected return of 0.0852%. Zomato has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of 0.91, which attests to possible diversification benefits within a given portfolio. Zomato returns are very sensitive to returns on the market. As the market goes up or down, Zomato is expected to follow. Zomato Limited right now maintains a risk of 2.31%. Please check out Zomato Limited value at risk, as well as the relationship between the skewness and day median price , to decide if Zomato Limited will be following its historical returns.
Auto-correlation | 0.75 |
Good predictability
Zomato Limited has good predictability. Overlapping area represents the amount of predictability between Zomato time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Zomato Limited price movement. The serial correlation of 0.75 indicates that around 75.0% of current Zomato price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 1074.22 |
Zomato Limited lagged returns against current returns
Autocorrelation, which is Zomato 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 Zomato's stock expected returns. We can calculate the autocorrelation of Zomato returns to help us make a trade decision. For example, suppose you find that Zomato 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 |
Zomato 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 Zomato stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zomato stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zomato stock over time.
Current vs Lagged Prices |
| Timeline |
Zomato Lagged Returns
When evaluating Zomato's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zomato stock have on its future price. Zomato 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, Zomato autocorrelation shows the relationship between Zomato stock current value and its past values and can show if there is a momentum factor associated with investing in Zomato Limited.
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 Zomato Stock
Zomato financial ratios help investors to determine whether Zomato 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 Zomato with respect to the benefits of owning Zomato security.