Zillow Etf Market Value

Z Etf

USD 46.68 0.67 1.46%

Zillow's market value is the price at which a share of Zillow stock trades on a public exchange. It measures the collective expectations of Zillow Group investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Zillow Group and determine expected loss or profit from investing in Zillow over a given investment horizon. Check out Zillow Correlation, Zillow Volatility and Zillow Alpha and Beta module to complement your research on Zillow.

Symbol

Zillow Group Valuation

The market value of Zillow Group is measured differently than its book value, which is the value of Zillow that is recorded on the company's balance sheet. Investors also form their own opinion of Zillow's value that differs from its market value or its book value, called intrinsic value, which is Zillow'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 Zillow's market value can be influenced by many factors that don't directly affect Zillow'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 Zillow's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zillow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zillow'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.

Zillow 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Zillow's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Zillow.

0.00

12/11/2021

No Change 0.00

0.0

In 1 year 5 months and 24 days

06/04/2023

0.00

If you would invest 0.00 in Zillow on December 11, 2021 and sell it all today you would earn a total of 0.00 from holding Zillow Group or generate 0.0% return on investment in Zillow over 540 days. Zillow is related to or competes with LegalZoom, Nextnav Acquisition, Outbrain, TuanChe ADR, Weibo Corp, YY, and Zillow. Zillow Group, Inc., a digital real estate company, operates real estate brands on mobile applications and Websites in th... More

Zillow Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Zillow's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Zillow Group upside and downside potential and time the market with a certain degree of confidence.

	Downside Deviation	1.91
	Information Ratio	0.0916
	Maximum Drawdown	13.35
	Value At Risk	(2.48)
	Potential Upside	3.71

Zillow Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Zillow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zillow's standard deviation. In reality, there are many statistical measures that can use Zillow historical prices to predict the future Zillow's volatility.

	Risk Adjusted Performance	0.0902
	Jensen Alpha	0.2104
	Total Risk Alpha	0.2297
	Sortino Ratio	0.1094
	Treynor Ratio	0.177

Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Zillow's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Zillow in the context of predictive analytics.

Hype

Prediction

Low	Estimated	High
44.34	46.62	48.90

Details

Intrinsic

Valuation

Low	Real	High
42.01	50.06	52.34

Details

Naive

Forecast

Low	Next	High
43.53	45.81	48.09

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
44.35	45.61	46.88

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Zillow. Your research has to be compared to or analyzed against Zillow's peers to derive any actionable benefits. When done correctly, Zillow's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Zillow Group.

Zillow Group Backtested Returns

We consider Zillow very steady. Zillow Group shows Sharpe Ratio of 0.0766, which attests that the etf had 0.0766% of return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of an etf is to use all available market data together with etf-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Zillow Group, which you can use to evaluate the future volatility of the etf. Please check out Zillow Group Market Risk Adjusted Performance of 0.187, downside deviation of 1.91, and Mean Deviation of 1.61 to validate if the risk estimate we provide is consistent with the expected return of 0.17%.

The entity maintains a market beta of 1.0978, which attests to a somewhat significant risk relative to the market. Let's try to break down what Zillow's beta means in this case. Zillow returns are very sensitive to returns on the market. As the market goes up or down, Zillow is expected to follow. Although it is important to respect Zillow Group historical price patterns, it is better to be realistic regarding the information on the equity's current price history. The philosophy towards determining future performance of any etf is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By examining Zillow Group technical indicators, you can presently evaluate if the expected return of 0.17% will be sustainable into the future.

Auto-correlation

-0.79

Almost perfect reverse predictability

Zillow Group has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Zillow time series from 11th of December 2021 to 7th of September 2022 and 7th of September 2022 to 4th of June 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Zillow Group price movement. The serial correlation of -0.79 indicates that around 79.0% of current Zillow price fluctuation can be explain by its past prices.

	Correlation Coefficient	-0.79
	Spearman Rank Test	-0.77
	Residual Average	0.0
	Price Variance	35.51

Zillow Group lagged returns against current returns

Autocorrelation, which is Zillow etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Zillow's etf expected returns. We can calculate the autocorrelation of Zillow returns to help us make a trade decision. For example, suppose you find that Zillow etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.

Current and Lagged Values

Timeline

Zillow regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Zillow etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zillow etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zillow etf over time.

Current vs Lagged Prices

Timeline

Zillow Lagged Returns

When evaluating Zillow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zillow etf have on its future price. Zillow autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Zillow autocorrelation shows the relationship between Zillow etf current value and its past values and can show if there is a momentum factor associated with investing in Zillow Group.

Regressed Prices

Timeline

Be your own money manager

Our tools can tell you how much better you can do entering a position in Zillow without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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FONR	Fonar

Check out Zillow Correlation, Zillow Volatility and Zillow Alpha and Beta module to complement your research on Zillow. Note that the Zillow Group information on this page should be used as a complementary analysis to other Zillow'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 Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Zillow Etf analysis

When running Zillow's price analysis, check to measure Zillow's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Zillow is operating at the current time. Most of Zillow's value examination focuses on studying past and present price action to predict the probability of Zillow's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zillow's price. Additionally, you may evaluate how the addition of Zillow to your portfolios can decrease your overall portfolio volatility.

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Zillow technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.

Volatility Indicators

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Value Movement

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A focus of Zillow technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Zillow trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

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Zillow Etf Market Value

Zillow Group Valuation

Zillow 'What if' Analysis

Zillow Upside/Downside Indicators

Zillow Market Risk Indicators

Zillow Group Backtested Returns

Auto-correlation

Almost perfect reverse predictability

Zillow Group lagged returns against current returns

Zillow regressed lagged prices vs. current prices

Zillow Lagged Returns

Be your own money manager

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