ZKB Gold (Switzerland) Alpha and Beta Analysis
| ZGLD Etf | CHF 630.60 4.30 0.68% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as ZKB Gold ETF. It also helps investors analyze the systematic and unsystematic risks associated with investing in ZKB Gold over a specified time horizon. Remember, high ZKB Gold's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to ZKB Gold's market risk premium analysis include:
Beta (0.33) | Alpha 0.29 | Risk 0.78 | Sharpe Ratio 0.38 | Expected Return 0.3 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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ZKB Gold Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. ZKB Gold market risk premium is the additional return an investor will receive from holding ZKB Gold long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ZKB Gold. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate ZKB Gold's performance over market.| α | 0.29 | β | -0.33 |
ZKB Gold expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of ZKB Gold's Buy-and-hold return. Our buy-and-hold chart shows how ZKB Gold performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.ZKB Gold Market Price Analysis
Market price analysis indicators help investors to evaluate how ZKB Gold etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ZKB Gold shares will generate the highest return on investment. By understating and applying ZKB Gold etf market price indicators, traders can identify ZKB Gold position entry and exit signals to maximize returns.
ZKB Gold Return and Market Media
The median price of ZKB Gold for the period between Thu, Jan 25, 2024 and Wed, Apr 24, 2024 is 564.8 with a coefficient of variation of 7.63. The daily time series for the period is distributed with a sample standard deviation of 43.29, arithmetic mean of 567.38, and mean deviation of 36.43. The Etf did not receive any noticable media coverage during the period. Price Growth (%) |
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About ZKB Gold Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including ZKB or other etfs. Alpha measures the amount that position in ZKB Gold ETF has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
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.
Build Portfolio with ZKB Gold
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out ZKB Gold Backtesting, Portfolio Optimization, ZKB Gold Correlation, ZKB Gold Hype Analysis, ZKB Gold Volatility, ZKB Gold History and analyze ZKB Gold Performance. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
ZKB Gold technical 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, etf market cycles, or different charting patterns.