Zega Buy Etf Volatility

ZHDG
 Etf
  

USD 18.19  0.04  0.22%   

We consider Zega Buy very steady. Zega Buy And shows Sharpe Ratio of 0.0417, which attests that the etf had 0.0417% of return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of an etf is to use all available market data together with etf-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Zega Buy And, which you can use to evaluate the future volatility of the etf. Please check out Zega Buy And Market Risk Adjusted Performance of 0.023, downside deviation of 1.02, and Mean Deviation of 0.6465 to validate if the risk estimate we provide is consistent with the expected return of 0.0364%.
  
Zega Buy 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 Zega Buy daily returns, and it is calculated using variance and standard deviation. We also use Zega Buy's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Zega Buy volatility.

720 Days Market Risk

Very steady

Chance of Distress

Below Average

720 Days Economic Sensitivity

Follows the market closely
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Zega Buy 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 Zega Buy at lower prices. For example, an investor can purchase Zega Buy 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 Zega Buy'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 Zega Buy

0.88VTITotal Stock MarketPairCorr
0.89SPYSP 500 SPDRPairCorr
0.89IVVSP 500 IsharesPairCorr
0.87VIGDividend Appreciation ETFPairCorr
0.88VVLargecap ETF VanguardPairCorr
0.95RSPSP 500 EWPairCorr
0.89IWBRussell 1000 IsharesPairCorr

Zega Buy Market Sensitivity And Downside Risk

Zega Buy's beta coefficient measures the volatility of Zega Buy 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 Zega Buy etf's returns against your selected market. In other words, Zega Buy's beta of 0.62 provides an investor with an approximation of how much risk Zega Buy etf can potentially add to one of your existing portfolios.
Zega Buy And has relatively low volatility with skewness of -0.82 and kurtosis of 1.43. However, we advise all investors to independently investigate Zega Buy And to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Zega Buy's etf risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Zega Buy'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.

Zega Buy Implied Volatility

Zega Buy's implied volatility exposes the market's sentiment of Zega Buy And stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Zega Buy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Zega Buy stock will not fluctuate a lot when Zega Buy's options are near their expiration.
3 Months Beta |Analyze Zega Buy And Demand Trend
Check current 90 days Zega Buy correlation with market (DOW)

Zega Buy Beta

    
  0.62  
Zega Buy 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.

Standard Deviation

    
  0.87  
It is essential to understand the difference between upside risk (as represented by Zega Buy's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Zega Buy stock's daily returns or price. Since the actual investment returns on holding a position in Zega Buy stock 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 Zega Buy.

Zega Buy And Etf Volatility Analysis

Volatility refers to the frequency at which Zega Buy stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Zega Buy's price changes. Investors will then calculate the volatility of Zega Buy's stock to predict their future moves. A stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile stock 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 Zega Buy's volatility:

Historical Volatility

This type of stock volatility measures Zega Buy's fluctuations based on previous trends. It's commonly used to predict Zega Buy's future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for Zega Buy's current market price. This means that the stock will return to its initially predicted market price.
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Zega Buy And Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
.

Zega Buy Projected Return Density Against Market

Given the investment horizon of 90 days Zega Buy has a beta of 0.6193 . This usually means as returns on the market go up, Zega Buy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Zega Buy And will be expected to be much smaller as well.
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 Zega Buy or ZEGA 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 Zega Buy stock's price will be affected by overall stock 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 Zega Buy stock'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. Zega Buy And is significantly underperforming DOW.
   Predicted Return Density   
       Returns  
Zega Buy's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how Zega Buy stock'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 Company's Stock Price Volatility?

Several factors can influence a company's stock volatility:

Industry

Specific 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 environment

When 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 Performance

Sometimes 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.

Zega Buy 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 Zega Buy or ZEGA 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 Zega Buy stock's price will be affected by overall stock 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 Zega Buy stock'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.
Given the investment horizon of 90 days the coefficient of variation of Zega Buy is 2395.57. The daily returns are distributed with a variance of 0.76 and standard deviation of 0.87. The mean deviation of Zega Buy And is currently at 0.63. For similar time horizon, the selected benchmark (DOW) has volatility of 1.25
α
Alpha over DOW
-0.04
β
Beta against DOW0.62
σ
Overall volatility
0.87
Ir
Information ratio -0.07

Zega Buy Etf Return Volatility

Zega Buy historical daily return volatility represents how much Zega Buy stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The fund inherits 0.8717% risk (volatility on return distribution) over the 90 days horizon. By contrast, DOW inherits 1.2609% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
       Timeline  

About Zega Buy Volatility

Volatility is a rate at which the price of Zega Buy 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 Zega Buy may increase or decrease. In other words, similar to Zega Buy's beta indicator, it measures the risk of Zega Buy and helps estimate the fluctuations that may happen in a short period of time. So if prices of Zega Buy 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.
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.

Zega Buy Investment Opportunity

DOW has a standard deviation of returns of 1.26 and is 1.45 times more volatile than Zega Buy And. of all equities and portfolios are less risky than Zega Buy. Compared to the overall equity markets, volatility of historical daily returns of Zega Buy And is lower than 7 () of all global equities and portfolios over the last 90 days.
Use Zega Buy And to enhance the returns of your portfolios. Benchmarks are essential to demonstrate the utility of optimization algorithms. The etf experiences a normal upward fluctuation. Check odds of Zega Buy to be traded at $19.1 in 90 days. .

Very poor diversification

The correlation between Zega Buy And and DJI is Very poor diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zega Buy And and DJI in the same portfolio, assuming nothing else is changed.

Zega Buy Additional Risk Indicators

The analysis of Zega Buy'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 Zega Buy's investment and either accepting that risk or mitigating it. Along with some common measures of Zega Buy stock 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.
Risk Adjusted Performance0.0215
Market Risk Adjusted Performance0.023
Mean Deviation0.6465
Semi Deviation0.9958
Downside Deviation1.02
Coefficient Of Variation4864.17
Standard Deviation0.8772
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Zega Buy 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.
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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 Zega Buy 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. Zega Buy'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, Zega Buy'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 Zega Buy And.
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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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.