Zions Bancorporation Stock Market Value
| ZION Stock | USD 42.17 0.42 1.01% |
| Symbol | Zions |
Zions Bancorporation Price To Book Ratio
Is Zions Bancorporation's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Zions Bancorporation. If investors know Zions will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Zions Bancorporation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.27) | Dividend Share 1.64 | Earnings Share 4.35 | Revenue Per Share 19.772 | Quarterly Revenue Growth (0.08) |
The market value of Zions Bancorporation is measured differently than its book value, which is the value of Zions that is recorded on the company's balance sheet. Investors also form their own opinion of Zions Bancorporation's value that differs from its market value or its book value, called intrinsic value, which is Zions Bancorporation'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 Zions Bancorporation's market value can be influenced by many factors that don't directly affect Zions Bancorporation'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 Zions Bancorporation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zions Bancorporation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zions Bancorporation'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.
Zions Bancorporation '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 Zions Bancorporation'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 Zions Bancorporation.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Zions Bancorporation on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Zions Bancorporation or generate 0.0% return on investment in Zions Bancorporation over 30 days. Zions Bancorporation is related to or competes with KeyCorp, Comerica, First Horizon, Western Alliance, Fifth Third, Huntington Bancshares, and US Bancorp. Zions Bancorporation, National Association provides various banking and related services primarily in the states of Ariz... More
Zions Bancorporation 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 Zions Bancorporation'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 Zions Bancorporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.56 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 10.37 | |||
| Value At Risk | (4.61) | |||
| Potential Upside | 3.87 |
Zions Bancorporation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zions Bancorporation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zions Bancorporation's standard deviation. In reality, there are many statistical measures that can use Zions Bancorporation historical prices to predict the future Zions Bancorporation's volatility.| Risk Adjusted Performance | 0.02 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0202 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zions Bancorporation'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.
Zions Bancorporation Backtested Returns
Zions Bancorporation shows Sharpe Ratio of -0.0112, which attests that the company had a -0.0112% return per unit of risk over the last 3 months. Zions Bancorporation exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zions Bancorporation's Mean Deviation of 1.74, market risk adjusted performance of 0.0302, and Downside Deviation of 2.56 to validate the risk estimate we provide. The firm maintains a market beta of 1.85, 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, Zions Bancorporation will likely underperform. Zions Bancorporation has an expected return of -0.0259%. Please make sure to check out Zions Bancorporation potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Zions Bancorporation performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Zions Bancorporation has virtually no predictability. Overlapping area represents the amount of predictability between Zions Bancorporation time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Zions Bancorporation price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Zions Bancorporation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.92 |
Zions Bancorporation lagged returns against current returns
Autocorrelation, which is Zions Bancorporation 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 Zions Bancorporation's stock expected returns. We can calculate the autocorrelation of Zions Bancorporation returns to help us make a trade decision. For example, suppose you find that Zions Bancorporation 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 |
Zions Bancorporation 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 Zions Bancorporation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zions Bancorporation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zions Bancorporation stock over time.
Current vs Lagged Prices |
| Timeline |
Zions Bancorporation Lagged Returns
When evaluating Zions Bancorporation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zions Bancorporation stock have on its future price. Zions Bancorporation 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, Zions Bancorporation autocorrelation shows the relationship between Zions Bancorporation stock current value and its past values and can show if there is a momentum factor associated with investing in Zions Bancorporation.
Regressed Prices |
| Timeline |
Zions Bancorporation Investors Sentiment
The influence of Zions Bancorporation's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Zions. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Zions Bancorporation's public news can be used to forecast risks associated with an investment in Zions. The trend in average sentiment can be used to explain how an investor holding Zions can time the market purely based on public headlines and social activities around Zions Bancorporation. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Zions Bancorporation's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Zions Bancorporation's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Zions Bancorporation's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Zions Bancorporation.
Zions Bancorporation Implied Volatility | 50.17 |
Zions Bancorporation's implied volatility exposes the market's sentiment of Zions Bancorporation stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Zions Bancorporation's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Zions Bancorporation stock will not fluctuate a lot when Zions Bancorporation's options are near their expiration.
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 Zions Bancorporation 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, Zions Bancorporation's short interest history, or implied volatility extrapolated from Zions Bancorporation 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.When determining whether Zions Bancorporation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Zions Bancorporation's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Zions Bancorporation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Zions Bancorporation Stock:Check out Zions Bancorporation Correlation, Zions Bancorporation Volatility and Zions Bancorporation Alpha and Beta module to complement your research on Zions Bancorporation. To learn how to invest in Zions Stock, please use our How to Invest in Zions Bancorporation guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Zions Stock analysis
When running Zions Bancorporation's price analysis, check to measure Zions Bancorporation'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 Zions Bancorporation is operating at the current time. Most of Zions Bancorporation's value examination focuses on studying past and present price action to predict the probability of Zions Bancorporation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zions Bancorporation's price. Additionally, you may evaluate how the addition of Zions Bancorporation to your portfolios can decrease your overall portfolio volatility.
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Zions Bancorporation 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.