Zega Buy Etf Performance

ZHDG
 Etf
  

USD 18.21  0.04  0.22%   

The entity maintains a market beta of 0.6172, which attests to possible diversification benefits within a given portfolio. Let's try to break down what Zega Buy'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 philosophy towards 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 examining Zega Buy And technical indicators, you can presently evaluate if the expected return of 0.0542% will be sustainable into the future.
  
Zega Buy Performance
4 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Zega Buy And are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound fundamental indicators, Zega Buy is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders. ...more

Zega Buy Price Channel

Fifty Two Week Low16.61
Fifty Two Week High22.58

Zega Buy Relative Risk vs. Return Landscape

If you would invest  1,765  in Zega Buy And on May 20, 2022 and sell it today you would earn a total of  56.00  from holding Zega Buy And or generate 3.17% return on investment over 90 days. Zega Buy And is currently generating 0.0542% in daily expected returns and assumes 0.8758% risk (volatility on return distribution) over the 90 days horizon. In different words, 7% of etfs are less volatile than Zega Buy, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Zega Buy is expected to generate 2.56 times less return on investment than the market. But when comparing it to its historical volatility, the company is 1.34 times less risky than the market. It trades about 0.06 of its potential returns per unit of risk. The DOW is currently generating roughly 0.12 of returns per unit of risk over similar time horizon.

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 = 0.0619

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Estimated Market Risk
 0.88
  actual daily
 
 7 %
of total potential
 
77
Expected Return
 0.05
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 0 %
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00
Risk-Adjusted Return
 0.06
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 4 %
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44
Based on monthly moving average Zega Buy is performing at about 4% of its full potential. 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 it to a well-diversified portfolio.

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 Buy 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 Buy'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

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 Alerts

Equity Alerts and Improvement Suggestions

The fund keeps about 10.03% of its net assets in bonds
Check out Your Current Watchlist. 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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Zega Buy Etf analysis

When running Zega Buy And 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 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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The market value of Zega Buy And is measured differently than its book value, which is the value of Zega Buy 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 Zega Buy value 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.