Zega Buy And Etf Performance
| ZHDG Etf | USD 18.07 0.07 0.39% |
The entity maintains a market beta of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ZEGA Buy's returns are expected to increase less than the market. However, during the bear market, the loss of holding ZEGA Buy is expected to be smaller as well.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in ZEGA Buy and are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite nearly stable fundamental indicators, ZEGA Buy is not utilizing all of its potentials. The latest stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
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ZEGA Buy Relative Risk vs. Return Landscape
If you would invest 1,774 in ZEGA Buy and on January 20, 2024 and sell it today you would earn a total of 33.00 from holding ZEGA Buy and or generate 1.86% return on investment over 90 days. ZEGA Buy and is currently generating 0.0306% in daily expected returns and assumes 0.5265% risk (volatility on return distribution) over the 90 days horizon. In different words, 4% of etfs are less volatile than ZEGA, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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ZEGA Buy Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZEGA Buy's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ZEGA Buy and, and traders can use it to determine the average amount a ZEGA Buy's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0582
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| Negative Returns | ZHDG |
Estimated Market Risk
| 0.53 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average ZEGA Buy is performing at about 4% 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 ZEGA Buy by adding it to a well-diversified portfolio.
ZEGA Buy Fundamentals Growth
ZEGA Etf prices reflect investors' perceptions of the future prospects and financial health of ZEGA Buy, and ZEGA Buy fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on ZEGA Etf performance.
| Total Asset | 84.6 M | |||
About ZEGA Buy Performance
To evaluate ZEGA Buy Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when ZEGA Buy generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare ZEGA Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand ZEGA Buy market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents ZEGA's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The fund invests in a combination of options, as well as fixed income securities, or other income producing securities, including preferred shares, through ETFs or other investment companies or through direct investments. Zega Buy is traded on NYSEARCA Exchange in the United States.| The fund keeps about 5.02% of its net assets in bonds |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZEGA Buy and. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the ZEGA Buy information on this page should be used as a complementary analysis to other ZEGA Buy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stocks Directory module to find actively traded stocks across global markets.
The market value of ZEGA Buy is measured differently than its book value, which is the value of ZEGA that is recorded on the company's balance sheet. Investors also form their own opinion of ZEGA Buy's value that differs from its market value or its book value, called intrinsic value, which is ZEGA Buy'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 ZEGA Buy's market value can be influenced by many factors that don't directly affect ZEGA Buy'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 ZEGA Buy's value and its price as these two are different measures arrived at by different means. Investors typically determine if ZEGA Buy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZEGA Buy'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.