ZGEN Financial Statements From 2010 to 2026
ZGEN's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing ZGEN's valuation are provided below:ZGEN does not now have any fundamental gauges for analysis.
Check ZGEN financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ZGEN's main balance sheet or income statement drivers, such as , as well as many indicators such as . ZGEN financial statements analysis is a perfect complement when working with ZGEN Valuation or Volatility modules.
This module can also supplement various ZGEN Technical models . Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in median. ZGEN ETF Price To Earning Analysis
ZGEN's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current ZGEN Price To Earning | (10.31) X |
Most of ZGEN's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ZGEN is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
CompetitionBased on the latest financial disclosure, ZGEN has a Price To Earning of -10.31 times. This is much lower than that of the Genz ETF family and significantly lower than that of the Large Growth category. The price to earning for all United States etfs is notably higher than that of the company.
ZGEN Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ZGEN's current stock value. Our valuation model uses many indicators to compare ZGEN value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ZGEN competition to find correlations between indicators driving ZGEN's intrinsic value. More Info.ZGEN is rated first in price to earning as compared to similar ETFs. It is rated first in price to book as compared to similar ETFs . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the ZGEN's earnings, one of the primary drivers of an investment's value.Pair Trading with ZGEN
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ZGEN position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ZGEN will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to T1 Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace T1 Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back T1 Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling T1 Energy to buy it.
The correlation of T1 Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as T1 Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if T1 Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for T1 Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in median. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Other Tools for ZGEN Etf
When running ZGEN's price analysis, check to measure ZGEN'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 ZGEN is operating at the current time. Most of ZGEN's value examination focuses on studying past and present price action to predict the probability of ZGEN's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZGEN's price. Additionally, you may evaluate how the addition of ZGEN to your portfolios can decrease your overall portfolio volatility.
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