|ZMNAX -- USA Fund|| |
USD 14.22 0.10 0.70%
The entity maintains market beta of 0.0 which attests that the returns on MARKET and Zacks Market are completely uncorrelated. Although it is extremely important to respect Zacks Market Neutral
historical price patterns
, it is better to be realistic regarding the information on equity current price history. The philosophy towards determining future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By examining Zacks Market Neutral technical indicators
you can presently evaluate if the expected return of 0.0% will be sustainable into the future.
Zacks Market Neutral Relative Risk vs. Return Landscape
If you would invest 1,422
in Zacks Market Neutral A on September 16, 2018
and sell it today you would earn a total of 0.00
from holding Zacks Market Neutral A or generate 0.0%
return on investment over 30
days. Zacks Market Neutral A is currently producing negative expected returns and takes up 0.0% volatility of returns over 30 trading days. Put another way, 0% of traded equities are less volatile than the company and 99% of traded equity instruments are likely to generate higher returns over the next 30 trading days.
Daily Expected Return (%)
Zacks Market Current Valuation
October 16, 2018
Zacks Market Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average Zacks Market is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Zacks Market
by adding it to a well-diversified
Risk-Adjusted Fund Performance
Over the last 30 days Zacks Market Neutral A has generated negative risk-adjusted returns adding no value to fund investors.
|Zacks Market Neutral is not yet fully synchronised with the market data|
|Zacks Market Neutral generates negative expected return over the last 30 days|
|This fund has annual holdings turnover of about 180.0% suggesting active trading|
|Zacks Market keeps roughly 52.34% of its net assets in cash|
See also Your Current Watchlist
. Please also try Theme Ratings
module to determine theme ratings based on digital equity recommendations. macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.