Zillow Group Class shows Sharpe Ratio of -0.0348, which attests that the etf had -0.0348% of return per unit of risk over the last 3 months. Our standpoint towards determining the risk of any etf is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Zillow Group Class exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please check out Zillow Group Class Market Risk Adjusted Performance of (0.01335), standard deviation of 2.35, and Mean Deviation of 1.73 to validate the risk estimate we provide.
30 Days Market Risk
Chance of Distress
30 Days Economic Sensitivity
Zillow Group Etf volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Zillow daily returns, and it is calculated using variance and standard deviation. We also use Zillow's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Zillow Group volatility.
ESG SustainabilityWhile most ESG disclosures are voluntary, Zillow Group's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Zillow Group's managers and investors.
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Zillow Group can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Zillow Group at lower prices. For example, an investor can purchase Zillow stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Zillow Group's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.
Moving together with Zillow Etf
Zillow Group Market Sensitivity And Downside Risk
Zillow Group's beta coefficient measures the volatility of Zillow etf compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Zillow etf's returns against your selected market. In other words, Zillow Group's beta of 1.81 provides an investor with an approximation of how much risk Zillow Group etf can potentially add to one of your existing portfolios.Zillow Group Class exhibits very low volatility with skewness of 0.4 and kurtosis of 2.69. However, we advise investors to further study Zillow Group Class technical indicators to ensure that all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Zillow Group's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Zillow Group's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall. 3 Months Beta |Analyze Zillow Group Class Demand TrendCheck current 90 days Zillow Group correlation with market (NYSE Composite)
Zillow standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
It is essential to understand the difference between upside risk (as represented by Zillow Group's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Zillow Group's daily returns or price. Since the actual investment returns on holding a position in zillow etf tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Zillow Group.
Using Zillow Put Option to Manage Risk
Put options written on Zillow Group grant holders of the option the right to sell a specified amount of Zillow Group at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Zillow Etf cannot fall below zero, the put buyer does gain as the price drops. So, one way investors can hedge Zillow Group's position is by buying a put option against it. The put option used this way is usually referred to as insurance. If an undesired outcome occurs and loss on holding Zillow Group will be realized, the loss incurred will be offset by the profits made with the option trade.
Zillow Group's PUT expiring on 2023-09-22
Zillow Group Class Etf Volatility Analysis
Volatility refers to the frequency at which Zillow Group etf price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Zillow Group's price changes. Investors will then calculate the volatility of Zillow Group's etf to predict their future moves. A etf that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A etf with relatively stable price changes has low volatility. A highly volatile etf is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Zillow Group's volatility:
Historical VolatilityThis type of etf volatility measures Zillow Group's fluctuations based on previous trends. It's commonly used to predict Zillow Group's future behavior based on its past. However, it cannot conclusively determine the future direction of the etf.
Implied VolatilityThis type of volatility provides a positive outlook on future price fluctuations for Zillow Group's current market price. This means that the etf will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Zillow Group's to be redeemed at a future date.
Zillow Group Projected Return Density Against MarketTaking into account the 90-day investment horizon the etf has the beta coefficient of 1.8134 . This usually means as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Zillow Group will likely underperform.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Zillow Group or Interactive Media & Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Zillow Group's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Zillow etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Zillow Group Class is significantly underperforming NYSE Composite. Zillow Group's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how zillow etf's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.
What Drives a Zillow Group Price Volatility?Several factors can influence a etf's market volatility:
IndustrySpecific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.
Political and Economic environmentWhen governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.
The Company's PerformanceSometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.
Zillow Group Etf Risk Measures
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Zillow Group or Interactive Media & Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Zillow Group's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Zillow etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. Taking into account the 90-day investment horizon the coefficient of variation of Zillow Group is -2874.42. The daily returns are distributed with a variance of 5.67 and standard deviation of 2.38. The mean deviation of Zillow Group Class is currently at 1.74. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.61
Zillow Group Etf Return VolatilityZillow Group historical daily return volatility represents how much of Zillow Group etf's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The ETF accepts 2.3817% volatility on return distribution over the 90 days horizon. By contrast, NYSE Composite accepts 0.612% volatility on return distribution over the 90 days horizon.
About Zillow Group Volatility
Volatility is a rate at which the price of Zillow Group or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Zillow Group may increase or decrease. In other words, similar to Zillow's beta indicator, it measures the risk of Zillow Group and helps estimate the fluctuations that may happen in a short period of time. So if prices of Zillow Group fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.Please read more on our technical analysis page.
Zillow Group's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Zillow Etf over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Zillow Group's price varies over time.
3 ways to utilize Zillow Group's volatility to invest betterHigher Zillow Group's etf volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Zillow Group Class etf is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Zillow Group Class etf volatility can provide helpful information for making investment decisions in the following ways:
- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Zillow Group Class investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Zillow Group's etf can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Zillow Group's etf relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Zillow Group Investment OpportunityZillow Group Class has a volatility of 2.38 and is 3.9 times more volatile than NYSE Composite. 20 of all equities and portfolios are less risky than Zillow Group. Compared to the overall equity markets, volatility of historical daily returns of Zillow Group Class is lower than 20 () of all global equities and portfolios over the last 90 days. Use Zillow Group Class to protect your portfolios against small market fluctuations. Benchmarks are essential to demonstrate the utility of optimization algorithms. The etf experiences an unexpected downward movement. The market is reacting to new fundamentals. Check odds of Zillow Group to be traded at $44.19 in 90 days.
Zillow Group Additional Risk Indicators
The analysis of Zillow Group's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Zillow Group's investment and either accepting that risk or mitigating it. Along with some common measures of Zillow Group etf's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential etfs, we recommend comparing similar etfs with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Zillow Group Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Zillow Group as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Zillow Group's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Zillow Group's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Zillow Group Class.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zillow Group Class. Also, note that the market value of any ETF could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Zillow Etf please use our How to Invest in Zillow Group guide. Note that the Zillow Group Class information on this page should be used as a complementary analysis to other Zillow Group'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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Zillow Etf analysis
When running Zillow Group's price analysis, check to measure Zillow Group'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 Zillow Group is operating at the current time. Most of Zillow Group's value examination focuses on studying past and present price action to predict the probability of Zillow Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zillow Group's price. Additionally, you may evaluate how the addition of Zillow Group to your portfolios can decrease your overall portfolio volatility.
The market value of Zillow Group Class is measured differently than its book value, which is the value of Zillow that is recorded on the company's balance sheet. Investors also form their own opinion of Zillow Group's value that differs from its market value or its book value, called intrinsic value, which is Zillow Group'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 Zillow Group's market value can be influenced by many factors that don't directly affect Zillow Group'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 Zillow Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zillow Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zillow Group'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.