ZIMPLATS HLDGS (Germany) Market Value
| N3F Stock | EUR 10.30 0.00 0.00% |
| Symbol | ZIMPLATS |
ZIMPLATS HLDGS '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 ZIMPLATS HLDGS'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 ZIMPLATS HLDGS.
| 04/29/2024 |
| 05/29/2024 |
If you would invest 0.00 in ZIMPLATS HLDGS on April 29, 2024 and sell it all today you would earn a total of 0.00 from holding ZIMPLATS HLDGS or generate 0.0% return on investment in ZIMPLATS HLDGS over 30 days. ZIMPLATS HLDGS is related to or competes with LANDSEA HOMES, Autohome, Hollywood Bowl, REMEDY ENTERTAINMENT, Live Nation, and Corporate Office. More
ZIMPLATS HLDGS 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 ZIMPLATS HLDGS'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 ZIMPLATS HLDGS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.41 | |||
| Information Ratio | 0.0462 | |||
| Maximum Drawdown | 11.3 | |||
| Value At Risk | (3.70) | |||
| Potential Upside | 4.85 |
ZIMPLATS HLDGS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZIMPLATS HLDGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZIMPLATS HLDGS's standard deviation. In reality, there are many statistical measures that can use ZIMPLATS HLDGS historical prices to predict the future ZIMPLATS HLDGS's volatility.| Risk Adjusted Performance | 0.0433 | |||
| Jensen Alpha | 0.1533 | |||
| Total Risk Alpha | 0.0337 | |||
| Sortino Ratio | 0.0457 | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ZIMPLATS HLDGS'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.
ZIMPLATS HLDGS Backtested Returns
We consider ZIMPLATS HLDGS somewhat reliable. ZIMPLATS HLDGS shows Sharpe Ratio of 0.0608, which attests that the company had a 0.0608% return per unit of standard deviation over the last 3 months. We have found twenty-four technical indicators for ZIMPLATS HLDGS, which you can use to evaluate the volatility of the company. Please check out ZIMPLATS HLDGS's Mean Deviation of 1.74, risk adjusted performance of 0.0433, and Downside Deviation of 2.41 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. ZIMPLATS HLDGS has a performance score of 4 on a scale of 0 to 100. The firm maintains a market beta of -0.73, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ZIMPLATS HLDGS are expected to decrease at a much lower rate. During the bear market, ZIMPLATS HLDGS is likely to outperform the market. ZIMPLATS HLDGS presently maintains a risk of 2.38%. Please check out ZIMPLATS HLDGS jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if ZIMPLATS HLDGS will be following its historical returns.
Auto-correlation | -0.45 |
Modest reverse predictability
ZIMPLATS HLDGS has modest reverse predictability. Overlapping area represents the amount of predictability between ZIMPLATS HLDGS time series from 29th of April 2024 to 14th of May 2024 and 14th of May 2024 to 29th of May 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 ZIMPLATS HLDGS price movement. The serial correlation of -0.45 indicates that just about 45.0% of current ZIMPLATS HLDGS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
ZIMPLATS HLDGS lagged returns against current returns
Autocorrelation, which is ZIMPLATS HLDGS 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 ZIMPLATS HLDGS's stock expected returns. We can calculate the autocorrelation of ZIMPLATS HLDGS returns to help us make a trade decision. For example, suppose you find that ZIMPLATS HLDGS 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 |
ZIMPLATS HLDGS 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 ZIMPLATS HLDGS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZIMPLATS HLDGS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZIMPLATS HLDGS stock over time.
Current vs Lagged Prices |
| Timeline |
ZIMPLATS HLDGS Lagged Returns
When evaluating ZIMPLATS HLDGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZIMPLATS HLDGS stock have on its future price. ZIMPLATS HLDGS 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, ZIMPLATS HLDGS autocorrelation shows the relationship between ZIMPLATS HLDGS stock current value and its past values and can show if there is a momentum factor associated with investing in ZIMPLATS HLDGS.
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.Check out ZIMPLATS HLDGS Correlation, ZIMPLATS HLDGS Volatility and ZIMPLATS HLDGS Alpha and Beta module to complement your research on ZIMPLATS HLDGS. Note that the ZIMPLATS HLDGS information on this page should be used as a complementary analysis to other ZIMPLATS HLDGS's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for ZIMPLATS Stock analysis
When running ZIMPLATS HLDGS's price analysis, check to measure ZIMPLATS HLDGS'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 ZIMPLATS HLDGS is operating at the current time. Most of ZIMPLATS HLDGS's value examination focuses on studying past and present price action to predict the probability of ZIMPLATS HLDGS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZIMPLATS HLDGS's price. Additionally, you may evaluate how the addition of ZIMPLATS HLDGS to your portfolios can decrease your overall portfolio volatility.
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ZIMPLATS HLDGS 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.