Zion OTC Stock Market Value
| ZNOG Stock | USD 0.08 0.0031 3.88% |
| Symbol | Zion |
Zion Oil Gas Valuation
Zion Oil '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 Zion Oil's otc 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 Zion Oil.
| 08/04/2023 |
| 10/03/2023 |
If you would invest 0.00 in Zion Oil on August 4, 2023 and sell it all today you would earn a total of 0.00 from holding Zion Oil Gas or generate 0.0% return on investment in Zion Oil over 60 days. Zion Oil is related to or competes with Antero Resources, Empire Petroleum, Permian Resources, SandRidge Energy, SM Energy, Dorchester Minerals, and Vista Oil. Zion Oil Gas, Inc., together with its subsidiaries, operates as an oil and gas exploration company in Israel More
Zion Oil 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 Zion Oil's otc 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 Zion Oil Gas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.13 | |||
| Information Ratio | 0.0899 | |||
| Maximum Drawdown | 72.5 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Zion Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zion Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zion Oil's standard deviation. In reality, there are many statistical measures that can use Zion Oil historical prices to predict the future Zion Oil's volatility.| Risk Adjusted Performance | 0.0619 | |||
| Jensen Alpha | 1.04 | |||
| Total Risk Alpha | 1.63 | |||
| Sortino Ratio | 0.0586 | |||
| Treynor Ratio | 0.1675 |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Zion Oil'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. Please use the tools below to analyze the current value of Zion Oil in the context of predictive analytics.
Zion Oil Gas Backtested Returns
Zion Oil appears to be out of control, given 3 months investment horizon. Zion Oil Gas shows Sharpe Ratio of 0.0601, which attests that the company had 0.0601% of return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. By examining Zion Oil Gas technical indicators you can presently evaluate if the expected return of 0.55% is justified by implied risk. Please utilize Zion Oil's Downside Deviation of 14.13, mean deviation of 3.58, and Market Risk Adjusted Performance of 0.1775 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zion Oil holds a performance score of 4. The firm maintains a market beta of 4.6021, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Zion Oil will likely underperform. Although it is vital to follow Zion Oil Gas historical price patterns, it is good to be conservative about what you can do with the information regarding equity current price history. Our main philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. We have found twenty-one technical indicators for Zion Oil Gas, which you can use to evaluate the performance of the company. Please utilizes Zion Oil Gas information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to make a quick decision on whether Zion Oil Gas historical returns will revert.
Auto-correlation | -0.57 |
Good reverse predictability
Zion Oil Gas has good reverse predictability. Overlapping area represents the amount of predictability between Zion Oil time series from 4th of August 2023 to 3rd of September 2023 and 3rd of September 2023 to 3rd of October 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Zion Oil Gas price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Zion Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Zion Oil Gas lagged returns against current returns
Autocorrelation, which is Zion Oil otc 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 Zion Oil's otc stock expected returns. We can calculate the autocorrelation of Zion Oil returns to help us make a trade decision. For example, suppose you find that Zion Oil otc stock 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 stock movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Zion Oil 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 Zion Oil otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zion Oil otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zion Oil otc stock over time.
Current vs Lagged Prices |
| Timeline |
Zion Oil Lagged Returns
When evaluating Zion Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zion Oil otc stock have on its future price. Zion Oil 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, Zion Oil autocorrelation shows the relationship between Zion Oil otc stock current value and its past values and can show if there is a momentum factor associated with investing in Zion Oil Gas.
Regressed Prices |
| Timeline |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Zion Oil without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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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 Zion Oil Correlation, Zion Oil Volatility and Zion Oil Alpha and Beta module to complement your research on Zion Oil. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Zion OTC Stock analysis
When running Zion Oil's price analysis, check to measure Zion Oil'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 Zion Oil is operating at the current time. Most of Zion Oil's value examination focuses on studying past and present price action to predict the probability of Zion Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zion Oil's price. Additionally, you may evaluate how the addition of Zion Oil to your portfolios can decrease your overall portfolio volatility.
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Zion Oil technical otc 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, otc market cycles, or different charting patterns.