Zacks Market Manager Performance Evaluation

ZMNIX -- USA Fund  

USD 13.06  0.04  0.31%

The entity maintains market beta of -0.0909 which attests that as returns on market increase, returns on owning Zacks Market are expected to decrease at a much smaller rate. During bear market, Zacks Market is likely to outperform the market.. 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 0.0496% will be sustainable into the future.
Horizon     30 Days    Login   to change

Zacks Market Neutral Relative Risk vs. Return Landscape

If you would invest  1,292  in Zacks Market Neutral Institutional on October 16, 2018 and sell it today you would earn a total of  14.00  from holding Zacks Market Neutral Institutional or generate 1.08% return on investment over 30 days. Zacks Market Neutral Institutional is currently producing 0.0496% returns and takes up 0.3673% volatility of returns over 30 trading days. Put another way, 3% 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 (%) 
      Risk (%) 
Assuming 30 trading days horizon, Zacks Market Neutral Institutional is expected to generate 0.31 times more return on investment than the market. However, the company is 3.21 times less risky than the market. It trades about 0.14 of its potential returns per unit of risk. The DOW is currently generating roughly -0.09 per unit of risk.

Zacks Market Current Valuation

Fairly Valued
November 15, 2018
Market Value
Real Value
Target Odds
Zacks Market is not too risky asset. Zacks Market Neutral maintains prevalent Real Value of $13.03 per share. The last-minute price of the fund is $13.06. At this time the fund appears to be fairly valued. We determine the value of Zacks Market Neutral from examining fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we encourage to purchase undervalued securities and to sell overvalued securities since at some point equities prices and their ongoing real values will grow together.

Zacks Market Market Risk Analysis

Sharpe Ratio = 0.1351
Good Returns
Average Returns
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Negative ReturnsZMNIX

Zacks Market Relative Performance Indicators

Estimated Market Risk
  actual daily
 97 %
of total potential
Expected Return
  actual daily
 1 %
of total potential
Risk-Adjusted Return
  actual daily
 9 %
of total potential
Based on monthly moving average Zacks Market is performing at about 9% 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 portfolio.

Zacks Market Performance Rating

Zacks Market Neutral Institutional Risk Adjusted Performance Analysis


Risk-Adjusted Fund Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Zacks Market Neutral Institutional are ranked lower than 9 (%) of all funds and portfolios of funds over the last 30 days.

Zacks Market Alerts

Equity Alerts and Improvement Suggestions

Latest headline from Consumer Confidence Leaps to 18-Year High 5 Big Gainers

Zacks Market Performance Indicators

Zacks Market Neutral Basic Price Performance Measures

Fifty Two Week Low12.78
Fifty Two Week High13.56
Annual Report Expense Ratio3.26%
See also Your Current Watchlist. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.