Zions Bancorporation National Preferred Stock Market Value
| ZIONP Preferred Stock | USD 20.00 0.22 1.11% |
| Symbol | Zions |
Zions Bancorporation '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 Zions Bancorporation's preferred stock 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 Zions Bancorporation.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Zions Bancorporation on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Zions Bancorporation National or generate 0.0% return on investment in Zions Bancorporation over 30 days. Zions Bancorporation is related to or competes with Citizens Financial, Capital One, Capital One, and Bank of America. Zions Bancorporation, National Association provides various banking and related services primarily in the states of Ariz... More
Zions Bancorporation 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 Zions Bancorporation's preferred stock 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 Zions Bancorporation National upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.942 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.96 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 1.87 |
Zions Bancorporation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zions Bancorporation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zions Bancorporation's standard deviation. In reality, there are many statistical measures that can use Zions Bancorporation historical prices to predict the future Zions Bancorporation's volatility.| Risk Adjusted Performance | 0.0445 | |||
| Jensen Alpha | 0.033 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.204 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zions Bancorporation'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.
Zions Bancorporation Backtested Returns
We consider Zions Bancorporation very steady. Zions Bancorporation shows Sharpe Ratio of 0.0555, which attests that the company had a 0.0555% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zions Bancorporation, which you can use to evaluate the volatility of the company. Please check out Zions Bancorporation's Market Risk Adjusted Performance of 0.214, mean deviation of 0.6965, and Downside Deviation of 0.942 to validate if the risk estimate we provide is consistent with the expected return of 0.0528%. Zions Bancorporation has a performance score of 4 on a scale of 0 to 100. The firm maintains a market beta of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zions Bancorporation's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zions Bancorporation is expected to be smaller as well. Zions Bancorporation right now maintains a risk of 0.95%. Please check out Zions Bancorporation potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Zions Bancorporation will be following its historical returns.
Auto-correlation | -0.39 |
Poor reverse predictability
Zions Bancorporation National has poor reverse predictability. Overlapping area represents the amount of predictability between Zions Bancorporation time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Zions Bancorporation price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Zions Bancorporation price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Zions Bancorporation lagged returns against current returns
Autocorrelation, which is Zions Bancorporation preferred stock'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 Zions Bancorporation's preferred stock expected returns. We can calculate the autocorrelation of Zions Bancorporation returns to help us make a trade decision. For example, suppose you find that Zions Bancorporation has exhibited high autocorrelation historically, and you observe that the preferred stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Zions Bancorporation 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 Zions Bancorporation preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zions Bancorporation preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zions Bancorporation preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Zions Bancorporation Lagged Returns
When evaluating Zions Bancorporation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zions Bancorporation preferred stock have on its future price. Zions Bancorporation 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, Zions Bancorporation autocorrelation shows the relationship between Zions Bancorporation preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Zions Bancorporation National.
Regressed Prices |
| Timeline |
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 Zions Bancorporation Correlation, Zions Bancorporation Volatility and Zions Bancorporation Alpha and Beta module to complement your research on Zions Bancorporation. To learn how to invest in Zions Preferred Stock, please use our How to Invest in Zions Bancorporation guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Zions Preferred Stock analysis
When running Zions Bancorporation's price analysis, check to measure Zions Bancorporation'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 Zions Bancorporation is operating at the current time. Most of Zions Bancorporation's value examination focuses on studying past and present price action to predict the probability of Zions Bancorporation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zions Bancorporation's price. Additionally, you may evaluate how the addition of Zions Bancorporation to your portfolios can decrease your overall portfolio volatility.
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Zions Bancorporation technical preferred stock 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, preferred stock market cycles, or different charting patterns.