ZEGA Etf Market Value

Etfs . USA . 
Etf . ZEGA Buy And
ZHDG Etf  USD 16.67  0.09  0.54%   
ZEGA Buy's market value is the price at which a share of ZEGA Buy stock trades on a public exchange. It measures the collective expectations of ZEGA Buy And investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of ZEGA Buy And and determine expected loss or profit from investing in ZEGA Buy over a given investment horizon. Check out ZEGA Buy Correlation, ZEGA Buy Volatility and ZEGA Buy Alpha and Beta module to complement your research on ZEGA Buy.
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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.
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Financial
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Buy or Sell
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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.
0.00
12/04/2022
No Change 0.00  0.0 
In 5 months and 29 days
06/02/2023
0.00
If you would invest  0.00  in ZEGA Buy on December 4, 2022 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 180 days. ZEGA Buy is related to or competes with ATT, Morningstar Unconstrained, First Physicians, and CarMax. 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.
Downside Deviation0.6702
Information Ratio0.1249
Maximum Drawdown2.91
Value At Risk(1.09)
Potential Upside1.23

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 Performance0.0657
Jensen Alpha0.0729
Total Risk Alpha0.0806
Sortino Ratio0.1341
Treynor Ratio0.0707
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.
Hype
Prediction
LowEstimatedHigh
15.9716.6717.37
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Intrinsic
Valuation
LowRealHigh
15.0017.6318.33
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Naive
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LowNextHigh
15.9316.6317.34
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Bollinger
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LowerMiddle BandUpper
16.2816.5216.75
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as ZEGA Buy. Your research has to be compared to or analyzed against ZEGA Buy's peers to derive any actionable benefits. When done correctly, ZEGA Buy'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 ZEGA Buy And.

ZEGA Buy And Backtested Returns

We consider ZEGA Buy very steady. ZEGA Buy And shows Sharpe Ratio of 0.0451, which attests that the etf had 0.0451% of return per unit of standard deviation over the last 3 months. Our approach into 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 ZEGA Buy And, which you can use to evaluate the future volatility of the etf. Please check out ZEGA Buy And Risk Adjusted Performance of 0.0657, mean deviation of 0.5764, and Downside Deviation of 0.6702 to validate if the risk estimate we provide is consistent with the expected return of 0.0317%.
The entity maintains a market beta of 0.6275, which attests to possible diversification benefits within a given portfolio. Let's try to break down what ZEGA's beta means in this case. 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. Although it is important to respect ZEGA Buy And historical price patterns, it is better to be realistic regarding the information on the equity's current price history. The approach into 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 reviewing ZEGA Buy And technical indicators, you can now evaluate if the expected return of 0.0317% will be sustainable into the future.

Auto-correlation

    
  0.11  

Insignificant predictability

ZEGA Buy And has insignificant predictability. Overlapping area represents the amount of predictability between ZEGA Buy time series from 4th of December 2022 to 4th of March 2023 and 4th of March 2023 to 2nd 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 ZEGA Buy And price movement. The serial correlation of 0.11 indicates that less than 11.0% of current ZEGA Buy price fluctuation can be explain by its past prices.
Correlation Coefficient0.11
Spearman Rank Test0.34
Residual Average0.0
Price Variance0.05

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  

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 ZEGA Buy 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, ZEGA Buy's short interest history, or implied volatility extrapolated from ZEGA Buy options trading.

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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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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.
Overlap Analysis
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Forecast Models
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Price Shifting
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Volatility Indicators
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Value Movement
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A focus of ZEGA Buy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ZEGA Buy 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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