Zacks Market Fundamental Relationships

ZMNCX -- USA Fund  

USD 13.36  0.10  0.74%

The Drivers Module shows relationships between Zacks Market's most relevant fundamental drivers and provides multiple suggestions of what could possibly affect the performance of Zacks Market Neutral C over time as well as its relative position and ranking within its peers. See also Your Current Watchlist.

Zacks Market Neutral Net Asset vs. Holdings Turnover Fundamental Analysis

Zacks Market Neutral C is presently regarded as number one fund in holdings turnover among similar funds. It is presently regarded as number one fund in net asset among similar funds making up about  178,167  of Net Asset per Holdings Turnover.
Holding Turnover is calculated by adding up all the transactions for the year, dividing it by 2 and then dividing it again by the fund total holdings. Holding Turnover is the rate at which funds or ETFs replace their investment holdings on an annual basis. In other words it measures how quickly a fund turns over its holdings during the fiscal year.
Zacks Market 
Holding Turnover 
 = 
Year Cash Flow 
Net Asset 
X
100 
=
180.00%
Investor can think of Holding Turnover as percentage of a fund's assets that have turned over in the past year. Typically, a high annual turnover ratio implies that fund managers made a lot of buying and selling. The higher the annual turnover, the higher the expense ratio for the fund.
Net Asset is current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assest is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Zacks Market 
Net Asset 
 = 
Current Market Value 
Current Liabilities 
=
32.07M
Net Asset is the value used in calulating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formullay that uses closing prices of all positions in the fund's portfolio.

Zacks Market Neutral Net Asset Comparison

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