Zkb Gold Etf Market Value
ZKBGF Etf | USD 2,071 14.99 0.73% |
Symbol | ZKB |
Please note, there is a significant difference between ZKB Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if ZKB Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZKB Gold'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.
ZKB Gold '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 ZKB Gold's otc 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 ZKB Gold.
04/04/2023 |
| 03/29/2024 |
If you would invest 0.00 in ZKB Gold on April 4, 2023 and sell it all today you would earn a total of 0.00 from holding ZKB Gold ETF or generate 0.0% return on investment in ZKB Gold over 360 days. ZKB Gold is related to or competes with SPDR SP, Vanguard Mid, Vanguard Small, and Microsoft. More
ZKB Gold 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 ZKB Gold's otc 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 ZKB Gold ETF upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.02) | |||
Maximum Drawdown | 6.2 | |||
Value At Risk | (0.08) | |||
Potential Upside | 0.7289 |
ZKB Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZKB Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZKB Gold's standard deviation. In reality, there are many statistical measures that can use ZKB Gold historical prices to predict the future ZKB Gold's volatility.Risk Adjusted Performance | 0.091 | |||
Jensen Alpha | 0.1121 | |||
Total Risk Alpha | (0.06) | |||
Treynor Ratio | (65.80) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ZKB Gold'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.
ZKB Gold ETF Backtested Returns
We consider ZKB Gold very steady. ZKB Gold ETF retains Efficiency (Sharpe Ratio) of 0.15, which attests that the etf had a 0.15% return per unit of volatility over the last 3 months. We have found twenty-one technical indicators for ZKB Gold, which you can use to evaluate the volatility of the etf. Please check out ZKB Gold's Information Ratio of (0.02), market risk adjusted performance of (65.79), and Mean Deviation of 0.3087 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. The entity owns a Beta (Systematic Risk) of -0.0017, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ZKB Gold are expected to decrease at a much lower rate. During the bear market, ZKB Gold is likely to outperform the market.
Auto-correlation | -0.67 |
Very good reverse predictability
ZKB Gold ETF has very good reverse predictability. Overlapping area represents the amount of predictability between ZKB Gold time series from 4th of April 2023 to 1st of October 2023 and 1st of October 2023 to 29th of March 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 ZKB Gold ETF price movement. The serial correlation of -0.67 indicates that around 67.0% of current ZKB Gold price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.67 | |
Spearman Rank Test | -0.57 | |
Residual Average | 0.0 | |
Price Variance | 5776.59 |
ZKB Gold ETF lagged returns against current returns
Autocorrelation, which is ZKB Gold otc 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 ZKB Gold's otc etf expected returns. We can calculate the autocorrelation of ZKB Gold returns to help us make a trade decision. For example, suppose you find that ZKB Gold has exhibited high autocorrelation historically, and you observe that the otc etf 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 |
ZKB Gold 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 ZKB Gold otc etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZKB Gold otc etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZKB Gold otc etf over time.
Current vs Lagged Prices |
Timeline |
ZKB Gold Lagged Returns
When evaluating ZKB Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZKB Gold otc etf have on its future price. ZKB Gold 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, ZKB Gold autocorrelation shows the relationship between ZKB Gold otc etf current value and its past values and can show if there is a momentum factor associated with investing in ZKB Gold ETF.
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 ZKB Gold 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, ZKB Gold's short interest history, or implied volatility extrapolated from ZKB Gold 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.CLSK | CleanSpark | |
V | Visa Class A | |
CDLX | Cardlytics |
Check out ZKB Gold Correlation, ZKB Gold Volatility and ZKB Gold Alpha and Beta module to complement your research on ZKB Gold. Note that the ZKB Gold ETF information on this page should be used as a complementary analysis to other ZKB Gold'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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for ZKB OTC Etf analysis
When running ZKB Gold's price analysis, check to measure ZKB Gold'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 ZKB Gold is operating at the current time. Most of ZKB Gold's value examination focuses on studying past and present price action to predict the probability of ZKB Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZKB Gold's price. Additionally, you may evaluate how the addition of ZKB Gold to your portfolios can decrease your overall portfolio volatility.
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ZKB Gold technical otc 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, otc market cycles, or different charting patterns.