Zillow Etf Market Value

Z Etf  USD 47.48  1.78  3.89%   
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.

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.
No Change 0.00  0.0 
In 5 months and 30 days
If you would invest  0.00  in Zillow on December 8, 2022 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 180 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.

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.
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.
Band Projection (param)
LowerMiddle BandUpper
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

Zillow appears to be very steady, given 3 months investment horizon. Zillow Group shows Sharpe Ratio of 0.0964, which attests that the etf had 0.0964% 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 utilize Zillow's Market Risk Adjusted Performance of 0.1514, downside deviation of 1.92, and Mean Deviation of 1.64 to validate if our risk estimates are consistent with your expectations.
The entity maintains a market beta of 1.1217, 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 0.23% will be sustainable into the future.



Modest predictability

Zillow Group has modest predictability. Overlapping area represents the amount of predictability between Zillow time series from 8th of December 2022 to 8th of March 2023 and 8th of March 2023 to 6th 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 0.59 indicates that roughly 59.0% of current Zillow price fluctuation can be explain by its past prices.
Correlation Coefficient0.59
Spearman Rank Test0.52
Residual Average0.0
Price Variance4.42

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   

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   

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   

Zillow Implied Volatility

Zillow's implied volatility exposes the market's sentiment of Zillow Group stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Zillow's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Zillow stock will not fluctuate a lot when Zillow's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Zillow in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Zillow's short interest history, or implied volatility extrapolated from Zillow options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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.
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...