Zota Health (India) Market Value
| ZOTA Stock | 755.35 12.10 1.58% |
| Symbol | Zota |
Zota Health '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 Zota Health'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 Zota Health.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Zota Health on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Zota Health Care or generate 0.0% return on investment in Zota Health over 30 days. Zota Health is related to or competes with MRF, JSW Holdings, Maharashtra Scooters, Nalwa Sons, Kalyani Investment, Pilani Investment, and Vardhman Holdings. Zota Health is entity of India. It is traded as Stock on NSE exchange. More
Zota Health 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 Zota Health'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 Zota Health Care upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.86 | |||
| Information Ratio | 0.0602 | |||
| Maximum Drawdown | 9.68 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 5.39 |
Zota Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zota Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zota Health's standard deviation. In reality, there are many statistical measures that can use Zota Health historical prices to predict the future Zota Health's volatility.| Risk Adjusted Performance | 0.0701 | |||
| Jensen Alpha | 0.2084 | |||
| Total Risk Alpha | 0.0085 | |||
| Sortino Ratio | 0.0821 | |||
| Treynor Ratio | 6.22 |
Zota Health Care Backtested Returns
Zota Health appears to be very steady, given 3 months investment horizon. Zota Health Care 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 Zota Health Care, which you can use to evaluate the volatility of the company. Please utilize Zota Health's Market Risk Adjusted Performance of 6.23, downside deviation of 1.86, and Mean Deviation of 1.73 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zota Health holds a performance score of 10. The firm maintains a market beta of 0.0338, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zota Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zota Health is expected to be smaller as well. Please check Zota Health's potential upside, semi variance, and the relationship between the value at risk and downside variance , to make a quick decision on whether Zota Health's historical returns will revert.
Auto-correlation | 0.86 |
Very good predictability
Zota Health Care has very good predictability. Overlapping area represents the amount of predictability between Zota Health time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 Zota Health Care price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Zota Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 2705.2 |
Zota Health Care lagged returns against current returns
Autocorrelation, which is Zota Health 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 Zota Health's stock expected returns. We can calculate the autocorrelation of Zota Health returns to help us make a trade decision. For example, suppose you find that Zota Health 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 |
Zota Health 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 Zota Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zota Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zota Health stock over time.
Current vs Lagged Prices |
| Timeline |
Zota Health Lagged Returns
When evaluating Zota Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zota Health stock have on its future price. Zota Health 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, Zota Health autocorrelation shows the relationship between Zota Health stock current value and its past values and can show if there is a momentum factor associated with investing in Zota Health Care.
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 Zota Stock Analysis
When running Zota Health's price analysis, check to measure Zota Health'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 Zota Health is operating at the current time. Most of Zota Health's value examination focuses on studying past and present price action to predict the probability of Zota Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zota Health's price. Additionally, you may evaluate how the addition of Zota Health to your portfolios can decrease your overall portfolio volatility.