Zillow Group Price To Book vs. Current Asset
| Z Etf | USD 44.10 0.65 1.45% |
For Zillow Group profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Zillow Group to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Zillow Group Class utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Zillow Group's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Zillow Group Class over time as well as its relative position and ranking within its peers.
Zillow |
The market value of Zillow Group Class is measured differently than its book value, which is the value of Zillow that is recorded on the company's balance sheet. Investors also form their own opinion of Zillow Group's value that differs from its market value or its book value, called intrinsic value, which is Zillow Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Zillow Group's market value can be influenced by many factors that don't directly affect Zillow Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Zillow Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zillow Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zillow Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Zillow Group Class Current Asset vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Zillow Group's current stock value. Our valuation model uses many indicators to compare Zillow Group value to that of its competitors to determine the firm's financial worth. Zillow Group Class is rated below average in price to book as compared to similar ETFs. It is rated second in current asset as compared to similar ETFs fabricating about 250,663,232 of Current Asset per Price To Book. Comparative valuation analysis is a catch-all model that can be used if you cannot value Zillow Group by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Zillow Group's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Zillow Group's earnings, one of the primary drivers of an investment's value.Zillow Current Asset vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Zillow Group |
| = | 2.29 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Zillow Group |
| = | 574.09 M |
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
Zillow Current Asset Comparison
Zillow Group is currently under evaluation in current asset as compared to similar ETFs.
Zillow Group Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Zillow Group, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Zillow Group will eventually generate negative long term returns. The profitability progress is the general direction of Zillow Group's change in net profit over the period of time. It can combine multiple indicators of Zillow Group, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Zillow Group, Inc., a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. Zillow Group is listed under Internet Content Information in the United States and is traded on NASDAQ Exchange exchange.
Zillow Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Zillow Group. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Zillow Group position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Zillow Group's important profitability drivers and their relationship over time.
| Price To Book vs Price To Earning | ||
| Price To Sales vs Current Asset | ||
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| Net Asset vs Current Asset |
Use Zillow Group in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Zillow Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Zillow Group will appreciate offsetting losses from the drop in the long position's value.Zillow Group Pair Trading
Zillow Group Class Pair Trading Analysis
The ability to find closely correlated positions to Zillow Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zillow Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Zillow Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Zillow Group Class to buy it.
The correlation of Zillow Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zillow Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zillow Group Class moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Zillow Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Zillow Group position
In addition to having Zillow Group in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Convertibles Funds Thematic Idea Now
Convertibles Funds
Funds or Etfs that invest in debt that is expected to be converted into a predetermined amount of the company equity at some future date. The Convertibles Funds theme has 12 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Convertibles Funds Theme or any other thematic opportunities.
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Check out Your Current Watchlist. For more information on how to buy Zillow Etf please use our How to Invest in Zillow Group guide.Note that the Zillow Group Class information on this page should be used as a complementary analysis to other Zillow Group'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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
To fully project Zillow Group's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Zillow Group Class at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Zillow Group's income statement, its balance sheet, and the statement of cash flows.