Zenovia Digital Exchange Stock Market Value
| ZDEC Stock | USD 0 0.00 0.00% |
| Symbol | Zenovia |
Zenovia Digital '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 Zenovia Digital's pink sheet 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 Zenovia Digital.
| 04/30/2022 |
| 04/19/2024 |
If you would invest 0.00 in Zenovia Digital on April 30, 2022 and sell it all today you would earn a total of 0.00 from holding Zenovia Digital Exchange or generate 0.0% return on investment in Zenovia Digital over 720 days. Zenovia Digital is related to or competes with Nukkleus. Zenovia Digital Exchange Corporation engages in the advertising exchange business in the United States More
Zenovia Digital 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 Zenovia Digital's pink sheet 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 Zenovia Digital Exchange upside and downside potential and time the market with a certain degree of confidence.
Zenovia Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zenovia Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zenovia Digital's standard deviation. In reality, there are many statistical measures that can use Zenovia Digital historical prices to predict the future Zenovia Digital's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zenovia Digital'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.
Zenovia Digital Exchange Backtested Returns
We have found three technical indicators for Zenovia Digital Exchange, which you can use to evaluate the volatility of the company. The firm maintains a market beta of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Zenovia Digital are completely uncorrelated.
Auto-correlation | -0.43 |
Modest reverse predictability
Zenovia Digital Exchange has modest reverse predictability. Overlapping area represents the amount of predictability between Zenovia Digital time series from 30th of April 2022 to 25th of April 2023 and 25th of April 2023 to 19th of April 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 Zenovia Digital Exchange price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Zenovia Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Zenovia Digital Exchange lagged returns against current returns
Autocorrelation, which is Zenovia Digital pink sheet'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 Zenovia Digital's pink sheet expected returns. We can calculate the autocorrelation of Zenovia Digital returns to help us make a trade decision. For example, suppose you find that Zenovia Digital has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Zenovia Digital 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 Zenovia Digital pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zenovia Digital pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zenovia Digital pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Zenovia Digital Lagged Returns
When evaluating Zenovia Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zenovia Digital pink sheet have on its future price. Zenovia Digital 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, Zenovia Digital autocorrelation shows the relationship between Zenovia Digital pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Zenovia Digital Exchange.
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 Zenovia Digital Correlation, Zenovia Digital Volatility and Zenovia Digital Alpha and Beta module to complement your research on Zenovia Digital. Note that the Zenovia Digital Exchange information on this page should be used as a complementary analysis to other Zenovia Digital'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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Zenovia Pink Sheet analysis
When running Zenovia Digital's price analysis, check to measure Zenovia Digital'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 Zenovia Digital is operating at the current time. Most of Zenovia Digital's value examination focuses on studying past and present price action to predict the probability of Zenovia Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zenovia Digital's price. Additionally, you may evaluate how the addition of Zenovia Digital to your portfolios can decrease your overall portfolio volatility.
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Zenovia Digital technical pink sheet 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, pink sheet market cycles, or different charting patterns.