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 One Year Return vs. Net Asset Fundamental Analysis

Zacks Market Neutral C is rated below average in net asset among similar funds. It is rated third in one year return among similar funds . The ratio of Net Asset to One Year Return for Zacks Market Neutral C is about  14,577,273 
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 
=
32.07 M
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.
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Zacks Market 
One Year Return 
 = 
(Mean of Monthly Returns - 1) 
X  
100% 
=
2.20 %
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.

Zacks Market Neutral One Year Return Comparison

Zacks Market is currently under evaluation in one year return among similar funds.

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