ZEGA Etf Market Value
| ZHDG Etf | USD 16.99 0.03 0.18% |
| Symbol | ZEGA |
The market value of ZEGA Buy And 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.
ZEGA Buy '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 ZEGA Buy'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 ZEGA Buy.
| 10/10/2021 |
| 09/30/2023 |
If you would invest 0.00 in ZEGA Buy on October 10, 2021 and sell it all today you would earn a total of 0.00 from holding ZEGA Buy And or generate 0.0% return on investment in ZEGA Buy over 720 days. ZEGA Buy is related to or competes with Aptus Defined, Discipline Fund, IShares Core, IShares Core, IShares Core, IShares Core, and Global X. The fund invests in a combination of options, as well as fixed income securities, or other income producing securities, ... More
ZEGA Buy 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 ZEGA Buy'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 ZEGA Buy And upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0075 | |||
| Maximum Drawdown | 2.87 | |||
| Value At Risk | (0.85) | |||
| Potential Upside | 0.9849 |
ZEGA Buy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZEGA Buy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZEGA Buy's standard deviation. In reality, there are many statistical measures that can use ZEGA Buy historical prices to predict the future ZEGA Buy's volatility.| Risk Adjusted Performance | (0.017452) | |||
| Jensen Alpha | (0.006421) | |||
| Total Risk Alpha | 0.0019 | |||
| Treynor Ratio | (0.039606) |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of ZEGA Buy'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 ZEGA Buy in the context of predictive analytics.
ZEGA Buy And Backtested Returns
ZEGA Buy And shows Sharpe Ratio of -0.0705, which attests that the etf had -0.0705% of return per unit of standard deviation over the last 3 months. Our approach into determining the risk of any etf is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. ZEGA Buy And exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please check out ZEGA Buy And Mean Deviation of 0.45, standard deviation of 0.5662, and Risk Adjusted Performance of (0.017452) to validate the risk estimate we provide. The entity maintains a market beta of 0.638, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ZEGA Buy returns are expected to increase less than the market. However, during the bear market, the loss on holding ZEGA Buy will be expected to be smaller as well. ZEGA Buy And exposes fifteen different technical indicators, which can help you to evaluate its performance.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
ZEGA Buy And has almost perfect reverse predictability. Overlapping area represents the amount of predictability between ZEGA Buy time series from 10th of October 2021 to 5th of October 2022 and 5th of October 2022 to 30th of September 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 ZEGA Buy And price movement. The serial correlation of -0.74 indicates that around 74.0% of current ZEGA Buy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
ZEGA Buy And lagged returns against current returns
Autocorrelation, which is ZEGA Buy 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 ZEGA Buy's etf expected returns. We can calculate the autocorrelation of ZEGA Buy returns to help us make a trade decision. For example, suppose you find that ZEGA Buy 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 |
ZEGA Buy 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 ZEGA Buy etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZEGA Buy etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZEGA Buy etf over time.
Current vs Lagged Prices |
| Timeline |
ZEGA Buy Lagged Returns
When evaluating ZEGA Buy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZEGA Buy etf have on its future price. ZEGA Buy 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, ZEGA Buy autocorrelation shows the relationship between ZEGA Buy etf current value and its past values and can show if there is a momentum factor associated with investing in ZEGA Buy And.
Regressed Prices |
| Timeline |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ZEGA Buy 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.Did you try this?
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Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
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 ZEGA Buy Correlation, ZEGA Buy Volatility and ZEGA Buy Alpha and Beta module to complement your research on ZEGA Buy. Note that the ZEGA Buy And 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for ZEGA Etf analysis
When running ZEGA Buy's price analysis, check to measure ZEGA Buy'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 ZEGA Buy is operating at the current time. Most of ZEGA Buy's value examination focuses on studying past and present price action to predict the probability of ZEGA Buy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZEGA Buy's price. Additionally, you may evaluate how the addition of ZEGA Buy to your portfolios can decrease your overall portfolio volatility.
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ZEGA Buy 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.