Zalaris ASA (Norway) Market Value
| ZAL Stock | NOK 68.00 1.00 1.49% |
| Symbol | Zalaris |
Zalaris ASA '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 Zalaris ASA'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 Zalaris ASA.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Zalaris ASA on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Zalaris ASA or generate 0.0% return on investment in Zalaris ASA over 30 days. Zalaris ASA is related to or competes with Austevoll Seafood, Grieg Seafood, Lery Seafood, SalMar ASA, and Kitron ASA. Zalaris ASA provides full-service outsourced personnel and payroll services in Norway, Sweden, Denmark, Finland, and int... More
Zalaris ASA 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 Zalaris ASA'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 Zalaris ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | 0.2132 | |||
| Maximum Drawdown | 13.3 | |||
| Value At Risk | (3.63) | |||
| Potential Upside | 4.71 |
Zalaris ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zalaris ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zalaris ASA's standard deviation. In reality, there are many statistical measures that can use Zalaris ASA historical prices to predict the future Zalaris ASA's volatility.| Risk Adjusted Performance | 0.162 | |||
| Jensen Alpha | 0.5482 | |||
| Total Risk Alpha | 0.2783 | |||
| Sortino Ratio | 0.2376 | |||
| Treynor Ratio | 1.38 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zalaris ASA'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.
Zalaris ASA Backtested Returns
Zalaris ASA appears to be very steady, given 3 months investment horizon. Zalaris ASA shows Sharpe Ratio of 0.23, which attests that the company had a 0.23% return per unit of risk over the last 3 months. By examining Zalaris ASA's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please utilize Zalaris ASA's Downside Deviation of 2.11, mean deviation of 1.72, and Market Risk Adjusted Performance of 1.39 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zalaris ASA holds a performance score of 18. The firm maintains a market beta of 0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zalaris ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zalaris ASA is expected to be smaller as well. Please check Zalaris ASA's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Zalaris ASA's historical returns will revert.
Auto-correlation | -0.08 |
Very weak reverse predictability
Zalaris ASA has very weak reverse predictability. Overlapping area represents the amount of predictability between Zalaris ASA time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Zalaris ASA price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Zalaris ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 2.6 |
Zalaris ASA lagged returns against current returns
Autocorrelation, which is Zalaris ASA 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 Zalaris ASA's stock expected returns. We can calculate the autocorrelation of Zalaris ASA returns to help us make a trade decision. For example, suppose you find that Zalaris ASA 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 |
Zalaris ASA 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 Zalaris ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zalaris ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zalaris ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Zalaris ASA Lagged Returns
When evaluating Zalaris ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zalaris ASA stock have on its future price. Zalaris ASA 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, Zalaris ASA autocorrelation shows the relationship between Zalaris ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Zalaris ASA.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Zalaris ASA in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Zalaris ASA's short interest history, or implied volatility extrapolated from Zalaris ASA options trading.
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 Zalaris ASA Correlation, Zalaris ASA Volatility and Zalaris ASA Alpha and Beta module to complement your research on Zalaris ASA. 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 Zalaris Stock analysis
When running Zalaris ASA's price analysis, check to measure Zalaris ASA'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 Zalaris ASA is operating at the current time. Most of Zalaris ASA's value examination focuses on studying past and present price action to predict the probability of Zalaris ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zalaris ASA's price. Additionally, you may evaluate how the addition of Zalaris ASA to your portfolios can decrease your overall portfolio volatility.
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Zalaris ASA 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.