Zacks Market Manager Performance Evaluation

ZMNIX -- USA Fund  

USD 12.72  0.01  0.0008%

The entity maintains market beta of 0.0162 which attests that as returns on market increase, Zacks Market returns are expected to increase less than the market. However during bear market, the loss on holding Zacks Market will be expected to be smaller as well. 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.
Horizon     30 Days    Login   to change

Zacks Market Neutral Relative Risk vs. Return Landscape

If you would invest  1,299  in Zacks Market Neutral Institutional on December 23, 2018 and sell it today you would lose (27.00)  from holding Zacks Market Neutral Institutional or give up 2.08% of portfolio value over 30 days. Zacks Market Neutral Institutional is currently producing negative expected returns and takes up 0.2972% 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 6.64 times less risky than the market. the firm trades about -0.17 of its potential returns per unit of risk. The DOW is currently generating roughly 0.02 of returns per unit of risk over similar time horizon.

Zacks Market Current Valuation

Fairly Valued
January 22, 2019
Market Value
Real Value
Target Odds
Odds Odds
Zacks Market is not too risky asset. Zacks Market Neutral maintains prevalent Real Value of $12.73 per share. The last-minute price of the fund is $12.72. 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 = -0.1709
Good Returns
Average Returns
Small Returns
Negative ReturnsZMNIX

Zacks Market Relative Performance Indicators

Estimated Market Risk
  actual daily
 2 %
of total potential
Expected Return
  actual daily
 0 %
of total potential
Risk-Adjusted Return
  actual daily
 0 %
of total potential
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 Performance Rating

Zacks Market Neutral Institutional Risk Adjusted Performance Analysis


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.

Zacks Market Alerts

Equity Alerts and Improvement Suggestions

Zacks Market Neutral generates negative expected return over the last 30 days

Zacks Market Performance Indicators

Zacks Market Neutral Basic Price Performance Measures

Fifty Two Week Low12.59
Fifty Two Week High13.56
Annual Report Expense Ratio3.26%
See also Your Current Watchlist. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.