Zooz Power Ltd Stock Market Value
| ZOOZ Stock | 2.82 0.07 2.55% |
| Symbol | ZOOZ |
ZOOZ Power Price To Book Ratio
Is Electrical Components & Equipment 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 ZOOZ Power. If investors know ZOOZ 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 ZOOZ Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (22.44) | Revenue Per Share 0.069 | Quarterly Revenue Growth (0.31) | Return On Assets (0.43) | Return On Equity (0.97) |
The market value of ZOOZ Power is measured differently than its book value, which is the value of ZOOZ that is recorded on the company's balance sheet. Investors also form their own opinion of ZOOZ Power's value that differs from its market value or its book value, called intrinsic value, which is ZOOZ Power'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 ZOOZ Power's market value can be influenced by many factors that don't directly affect ZOOZ Power'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 ZOOZ Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if ZOOZ Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZOOZ Power'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.
ZOOZ Power '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 ZOOZ Power'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 ZOOZ Power.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in ZOOZ Power on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding ZOOZ Power Ltd or generate 0.0% return on investment in ZOOZ Power over 30 days. ZOOZ Power is related to or competes with Vindicator Silver, Zijin Mining, Herc Holdings, Sandstorm Gold, and Barrick Gold. ZOOZ Power is entity of United States. It is traded as Stock on NASDAQ exchange. More
ZOOZ Power 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 ZOOZ Power'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 ZOOZ Power Ltd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.29 | |||
| Information Ratio | 0.139 | |||
| Maximum Drawdown | 23.46 | |||
| Value At Risk | (6.49) | |||
| Potential Upside | 8.89 |
ZOOZ Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZOOZ Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZOOZ Power's standard deviation. In reality, there are many statistical measures that can use ZOOZ Power historical prices to predict the future ZOOZ Power's volatility.| Risk Adjusted Performance | 0.1241 | |||
| Jensen Alpha | 0.6214 | |||
| Total Risk Alpha | 0.5145 | |||
| Sortino Ratio | 0.1437 | |||
| Treynor Ratio | 0.82 |
ZOOZ Power Backtested Returns
ZOOZ Power appears to be very risky, given 3 months investment horizon. ZOOZ Power shows Sharpe Ratio of 0.19, which attests that the company had a 0.19% return per unit of standard deviation over the last 3 months. By analyzing ZOOZ Power's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please utilize ZOOZ Power's Risk Adjusted Performance of 0.1241, mean deviation of 3.2, and Downside Deviation of 4.29 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ZOOZ Power holds a performance score of 15. The firm maintains a market beta of 0.78, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ZOOZ Power's returns are expected to increase less than the market. However, during the bear market, the loss of holding ZOOZ Power is expected to be smaller as well. Please check ZOOZ Power's skewness, day typical price, and the relationship between the downside variance and daily balance of power , to make a quick decision on whether ZOOZ Power's historical returns will revert.
Auto-correlation | -0.47 |
Modest reverse predictability
ZOOZ Power Ltd has modest reverse predictability. Overlapping area represents the amount of predictability between ZOOZ Power time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 ZOOZ Power price movement. The serial correlation of -0.47 indicates that about 47.0% of current ZOOZ Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
ZOOZ Power lagged returns against current returns
Autocorrelation, which is ZOOZ Power 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 ZOOZ Power's stock expected returns. We can calculate the autocorrelation of ZOOZ Power returns to help us make a trade decision. For example, suppose you find that ZOOZ Power 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 |
ZOOZ Power 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 ZOOZ Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZOOZ Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZOOZ Power stock over time.
Current vs Lagged Prices |
| Timeline |
ZOOZ Power Lagged Returns
When evaluating ZOOZ Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZOOZ Power stock have on its future price. ZOOZ Power 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, ZOOZ Power autocorrelation shows the relationship between ZOOZ Power stock current value and its past values and can show if there is a momentum factor associated with investing in ZOOZ Power Ltd.
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.Additional Tools for ZOOZ Stock Analysis
When running ZOOZ Power's price analysis, check to measure ZOOZ Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ZOOZ Power is operating at the current time. Most of ZOOZ Power's value examination focuses on studying past and present price action to predict the probability of ZOOZ Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZOOZ Power's price. Additionally, you may evaluate how the addition of ZOOZ Power to your portfolios can decrease your overall portfolio volatility.