Zkb Silver Etf Market Value
| ZSILF Etf | USD 222.74 0.00 0.00% |
| Symbol | ZKB |
Please note, there is a significant difference between ZKB Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if ZKB Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZKB Silver'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 Silver '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 Silver'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 Silver.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in ZKB Silver on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding ZKB Silver ETF or generate 0.0% return on investment in ZKB Silver over 720 days. ZKB Silver is related to or competes with Zillow Group, Northern Lights, and VanEck Vectors. More
ZKB Silver 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 Silver'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 Silver ETF upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.16 |
ZKB Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZKB Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZKB Silver's standard deviation. In reality, there are many statistical measures that can use ZKB Silver historical prices to predict the future ZKB Silver's volatility.| Risk Adjusted Performance | 0.0059 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.50) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ZKB Silver'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 Silver ETF Backtested Returns
ZKB Silver ETF retains Efficiency (Sharpe Ratio) of -9.0E-4, which attests that the etf had a -9.0E-4% return per unit of volatility over the last 3 months. ZKB Silver exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ZKB Silver's Mean Deviation of 0.3631, market risk adjusted performance of (0.49), and Information Ratio of (0.05) to validate the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.0235, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ZKB Silver's returns are expected to increase less than the market. However, during the bear market, the loss of holding ZKB Silver is expected to be smaller as well.
Auto-correlation | 0.28 |
Poor predictability
ZKB Silver ETF has poor predictability. Overlapping area represents the amount of predictability between ZKB Silver time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th 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 ZKB Silver ETF price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current ZKB Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 76.38 |
ZKB Silver ETF lagged returns against current returns
Autocorrelation, which is ZKB Silver 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 Silver's otc etf expected returns. We can calculate the autocorrelation of ZKB Silver returns to help us make a trade decision. For example, suppose you find that ZKB Silver 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 Silver 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 Silver otc etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZKB Silver 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 Silver otc etf over time.
Current vs Lagged Prices |
| Timeline |
ZKB Silver Lagged Returns
When evaluating ZKB Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZKB Silver otc etf have on its future price. ZKB Silver 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 Silver autocorrelation shows the relationship between ZKB Silver otc etf current value and its past values and can show if there is a momentum factor associated with investing in ZKB Silver ETF.
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 ZKB Silver Correlation, ZKB Silver Volatility and ZKB Silver Alpha and Beta module to complement your research on ZKB Silver. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
ZKB Silver 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.