Zacks Dividend Fund Market Value
| ZDIVX Fund | USD 24.47 0.17 0.70% |
| Symbol | Zacks |
Zacks Dividend '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 Zacks Dividend's mutual fund 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 Zacks Dividend.
| 01/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Zacks Dividend on January 25, 2024 and sell it all today you would earn a total of 0.00 from holding Zacks Dividend Fund or generate 0.0% return on investment in Zacks Dividend over 90 days. Zacks Dividend is related to or competes with Congress Mid, Clearbridge Dividend, Polen Growth, Polen International, and Segall Bryant. The fund will invest at least 80 percent of its net assets plus borrowings for investment purposes in equity securities ... More
Zacks Dividend 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 Zacks Dividend's mutual fund 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 Zacks Dividend Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7213 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.0 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.09 |
Zacks Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zacks Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zacks Dividend's standard deviation. In reality, there are many statistical measures that can use Zacks Dividend historical prices to predict the future Zacks Dividend's volatility.| Risk Adjusted Performance | 0.0835 | |||
| Jensen Alpha | (0.0005) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0787 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zacks Dividend'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.
Zacks Dividend Backtested Returns
We consider Zacks Dividend very steady. Zacks Dividend shows Sharpe Ratio of 0.1, which attests that the fund had a 0.1% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Zacks Dividend, which you can use to evaluate the volatility of the fund. Please check out Zacks Dividend's Downside Deviation of 0.7213, market risk adjusted performance of 0.0887, and Mean Deviation of 0.4823 to validate if the risk estimate we provide is consistent with the expected return of 0.0644%. The entity maintains a market beta of 0.95, which attests to possible diversification benefits within a given portfolio. Zacks Dividend returns are very sensitive to returns on the market. As the market goes up or down, Zacks Dividend is expected to follow.
Auto-correlation | -0.62 |
Very good reverse predictability
Zacks Dividend Fund has very good reverse predictability. Overlapping area represents the amount of predictability between Zacks Dividend time series from 25th of January 2024 to 10th of March 2024 and 10th of March 2024 to 24th 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 Zacks Dividend price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Zacks Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Zacks Dividend lagged returns against current returns
Autocorrelation, which is Zacks Dividend mutual fund'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 Zacks Dividend's mutual fund expected returns. We can calculate the autocorrelation of Zacks Dividend returns to help us make a trade decision. For example, suppose you find that Zacks Dividend has exhibited high autocorrelation historically, and you observe that the mutual fund 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 |
Zacks Dividend 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 Zacks Dividend mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zacks Dividend mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zacks Dividend mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Zacks Dividend Lagged Returns
When evaluating Zacks Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zacks Dividend mutual fund have on its future price. Zacks Dividend 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, Zacks Dividend autocorrelation shows the relationship between Zacks Dividend mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Zacks Dividend Fund.
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 Zacks Dividend 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, Zacks Dividend's short interest history, or implied volatility extrapolated from Zacks Dividend options trading.
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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 Zacks Dividend Correlation, Zacks Dividend Volatility and Zacks Dividend Alpha and Beta module to complement your research on Zacks Dividend. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Zacks Dividend technical mutual fund 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, fund market cycles, or different charting patterns.