Zacks Market Manager Performance Evaluation

ZMNIX -- USA Fund  

USD 12.47  0.06  0.48%

The entity maintains market beta of -0.1171 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. Even though it is essential to pay attention to Zacks Market Neutral historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis philosophy towards determining future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Zacks Market Neutral exposes twenty-one different technical indicators which can help you to evaluate its performance.
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Risk-Adjusted Fund Performance

Over the last 30 days Zacks Market Neutral Institutional has generated negative risk-adjusted returns adding no value to fund investors. Inspite fairly strong basic indicators, Zacks Market is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Fifty Two Week Low12.45
Fifty Two Week High13.10
Annual Report Expense Ratio2.94%
Horizon     30 Days    Login   to change

Zacks Market Neutral Relative Risk vs. Return Landscape

If you would invest  1,262  in Zacks Market Neutral Institutional on June 20, 2019 and sell it today you would lose (15.00)  from holding Zacks Market Neutral Institutional or give up 1.19% of portfolio value over 30 days. Zacks Market Neutral Institutional is currently producing negative expected returns and takes up 0.2978% volatility of returns over 30 trading days. Put another way, 2% 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 is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 2.17 times less risky than the market. the firm trades about -0.09 of its potential returns per unit of risk. The DOW is currently generating roughly 0.18 of returns per unit of risk over similar time horizon.

Zacks Market Current Valuation

Fairly Valued
July 20, 2019
12.47
Market Value
12.49
Real Value
13.39
Upside
Zacks Market is very steady asset. Zacks Market Neutral maintains prevalent Real Value of $12.49 per share. The last-minute price of the fund is $12.47. 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 = -0.0941
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Zacks Market Relative Performance Indicators

Estimated Market Risk
 0.3
  actual daily
 
 2 %
of total potential
 
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Expected Return
 -0.03
  actual daily
 
 0 %
of total potential
 
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Risk-Adjusted Return
 -0.09
  actual daily
 
 0 %
of total potential
 
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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 portfolio.

Zacks Market Alerts

Equity Alerts and Improvement Suggestions

Zacks Market Neutral generates negative expected return over the last 30 days
The fund keeps about 12.97% of its net assets in cash
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