Zega Buy And Etf Performance
| ZHDG Etf | USD 17.65 0.02 0.11% |
The entity maintains a market beta of 0.6435, 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.
ZEGA Performance
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Over the last 90 days ZEGA Buy And has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, ZEGA Buy is not utilizing all of its potentials. The latest stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
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ZEGA Buy Relative Risk vs. Return Landscape
If you would invest 1,770 in ZEGA Buy And on September 4, 2023 and sell it today you would lose (5.00) from holding ZEGA Buy And or give up 0.28% of portfolio value over 90 days. ZEGA Buy And is currently does not generate positive expected returns and assumes 0.6295% risk (volatility on return distribution) over the 90 days horizon. In different words, 5% of etfs are less volatile than ZEGA, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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ZEGA Buy Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZEGA Buy's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ZEGA Buy And, and traders can use it to determine the average amount a ZEGA Buy's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0039
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| Negative Returns | ZHDG |
Estimated Market Risk
| 0.63 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ZEGA Buy is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ZEGA Buy by adding ZEGA Buy to a well-diversified portfolio.
ZEGA Buy Fundamentals Growth
ZEGA Etf prices reflect investors' perceptions of the future prospects and financial health of ZEGA Buy, and ZEGA Buy fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on ZEGA Etf performance.
| Total Asset | 84.6 M | |||
About ZEGA Buy Performance
To evaluate ZEGA Buy And Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when ZEGA Buy generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare ZEGA Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand ZEGA Buy And market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents ZEGA's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The fund invests in a combination of options, as well as fixed income securities, or other income producing securities, including preferred shares, through ETFs or other investment companies or through direct investments. Zega Buy is traded on NYSEARCA Exchange in the United States.Things to note about ZEGA Buy And performance evaluation
Checking the ongoing alerts about ZEGA Buy for important developments is a great way to find new opportunities for your next move. Etf alerts and notifications screener for ZEGA Buy And help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| ZEGA Buy And generated a negative expected return over the last 90 days | |
| ZEGA Buy And is unlikely to experience financial distress in the next 2 years | |
| The fund keeps about 5.02% of its net assets in bonds |
- Analyzing ZEGA Buy's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether ZEGA Buy's stock is overvalued or undervalued compared to its peers.
- Examining ZEGA Buy's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating ZEGA Buy's management team can have a significant impact on its success or failure. Reviewing the track record and experience of ZEGA Buy's management team can help you assess the ETF's leadership.
- Pay attention to analyst opinions and ratings of ZEGA Buy's etf. These opinions can provide insight into ZEGA Buy's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZEGA Buy And. Also, note that the market value of any ETF could be tightly coupled with the direction of predictive economic indicators such as signals in employment. 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 Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global 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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| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |
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.