Ermenegildo Roe from 2010 to 2024
| ZGN Stock | USD 8.09 0.21 2.66% |
ROE | First Reported 2010-12-31 | Previous Quarter 0.14462676 | Current Value 0.15 | Quarterly Volatility 0.0860862 |
Check Ermenegildo Zegna financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ermenegildo Zegna's main balance sheet or income statement drivers, such as Tax Provision of 34.5 M, Interest Income of 3.3 M or Depreciation And Amortization of 190.8 M, as well as many indicators such as Price To Sales Ratio of 1.56, Dividend Yield of 0.0099 or PTB Ratio of 2.28. Ermenegildo financial statements analysis is a perfect complement when working with Ermenegildo Zegna Valuation or Volatility modules.
Ermenegildo | Roe |
Latest Ermenegildo Zegna's Roe Growth Pattern
Below is the plot of the Roe of Ermenegildo Zegna NV over the last few years. It is Ermenegildo Zegna's ROE historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Ermenegildo Zegna's overall financial position and show how it may be relating to other accounts over time.
| Roe | 10 Years Trend |
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Roe |
| Timeline |
Ermenegildo Roe Regression Statistics
| Arithmetic Mean | 0.04 | |
| Geometric Mean | 0.07 | |
| Coefficient Of Variation | 214.02 | |
| Mean Deviation | 0.05 | |
| Median | 0.05 | |
| Standard Deviation | 0.09 | |
| Sample Variance | 0.01 | |
| Range | 0.3623 | |
| R-Value | (0.04) | |
| Mean Square Error | 0.01 | |
| R-Squared | 0 | |
| Significance | 0.90 | |
| Slope | (0.0007) | |
| Total Sum of Squares | 0.10 |
Ermenegildo Roe History
About Ermenegildo Zegna Financial Statements
Ermenegildo Zegna investors utilize fundamental indicators, such as Roe, to predict how Ermenegildo Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| ROE | 0.14 | 0.15 |
Pair Trading with Ermenegildo Zegna
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 Ermenegildo Zegna 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 Ermenegildo Zegna will appreciate offsetting losses from the drop in the long position's value.Moving together with Ermenegildo Stock
Moving against Ermenegildo Stock
| 0.85 | RL | Ralph Lauren Corp | PairCorr |
| 0.81 | DOGZ | Dogness International | PairCorr |
| 0.8 | VSTO | Vista Outdoor | PairCorr |
| 0.78 | REE | Ree Automotive Holding | PairCorr |
| 0.77 | KTB | Kontoor Brands | PairCorr |
The ability to find closely correlated positions to Ermenegildo Zegna could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ermenegildo Zegna 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 Ermenegildo Zegna - 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 Ermenegildo Zegna NV to buy it.
The correlation of Ermenegildo Zegna 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 Ermenegildo Zegna moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ermenegildo Zegna 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 Ermenegildo Zegna 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 the analysis of Ermenegildo Zegna Correlation against competitors. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Apparel, Accessories & Luxury Goods space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ermenegildo Zegna. If investors know Ermenegildo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ermenegildo Zegna listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.47) | Dividend Share 0.12 | Earnings Share 0.42 | Revenue Per Share 7.839 | Quarterly Revenue Growth 0.063 |
The market value of Ermenegildo Zegna is measured differently than its book value, which is the value of Ermenegildo that is recorded on the company's balance sheet. Investors also form their own opinion of Ermenegildo Zegna's value that differs from its market value or its book value, called intrinsic value, which is Ermenegildo Zegna'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 Ermenegildo Zegna's market value can be influenced by many factors that don't directly affect Ermenegildo Zegna'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 Ermenegildo Zegna's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ermenegildo Zegna is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ermenegildo Zegna'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.