Zanaga Iron (Germany) Market Value
| 6ZA Stock | EUR 0.07 0 7.20% |
| Symbol | Zanaga |
Zanaga Iron '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 Zanaga Iron'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 Zanaga Iron.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in Zanaga Iron on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding Zanaga Iron Ore or generate 0.0% return on investment in Zanaga Iron over 90 days. Zanaga Iron is related to or competes with TOWNSQUARE MEDIA, CanSino Biologics, JAPAN AIRLINES, SCANSOURCE, Dave Busters, Aegean Airlines, and Prosiebensat. Zanaga Iron Ore Company Limited, an investment holding company, explores for and develops iron ore properties More
Zanaga Iron 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 Zanaga Iron'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 Zanaga Iron Ore upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.61 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 30.34 | |||
| Value At Risk | (5.68) | |||
| Potential Upside | 8.97 |
Zanaga Iron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zanaga Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zanaga Iron's standard deviation. In reality, there are many statistical measures that can use Zanaga Iron historical prices to predict the future Zanaga Iron's volatility.| Risk Adjusted Performance | 0.0204 | |||
| Jensen Alpha | 0.0857 | |||
| Total Risk Alpha | (0.59) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.19) |
Zanaga Iron Ore Backtested Returns
Zanaga Iron Ore shows Sharpe Ratio of -0.011, which attests that the company had a -0.011 % return per unit of risk over the last 3 months. Zanaga Iron Ore exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zanaga Iron's Market Risk Adjusted Performance of (0.18), downside deviation of 4.61, and Mean Deviation of 2.8 to validate the risk estimate we provide. The firm maintains a market beta of -0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zanaga Iron are expected to decrease at a much lower rate. During the bear market, Zanaga Iron is likely to outperform the market. At this point, Zanaga Iron Ore has a negative expected return of -0.048%. Please make sure to check out Zanaga Iron's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Zanaga Iron Ore performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.6 |
Good reverse predictability
Zanaga Iron Ore has good reverse predictability. Overlapping area represents the amount of predictability between Zanaga Iron time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Zanaga Iron Ore price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Zanaga Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Zanaga Iron Ore lagged returns against current returns
Autocorrelation, which is Zanaga Iron 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 Zanaga Iron's stock expected returns. We can calculate the autocorrelation of Zanaga Iron returns to help us make a trade decision. For example, suppose you find that Zanaga Iron 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 |
Zanaga Iron 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 Zanaga Iron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zanaga Iron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zanaga Iron stock over time.
Current vs Lagged Prices |
| Timeline |
Zanaga Iron Lagged Returns
When evaluating Zanaga Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zanaga Iron stock have on its future price. Zanaga Iron 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, Zanaga Iron autocorrelation shows the relationship between Zanaga Iron stock current value and its past values and can show if there is a momentum factor associated with investing in Zanaga Iron Ore.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zanaga Stock
Zanaga Iron financial ratios help investors to determine whether Zanaga Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Zanaga with respect to the benefits of owning Zanaga Iron security.