ZKB Gold Financials
| ZGLDEU Etf | EUR 2,356 4.50 0.19% |
ZKB |
The data published in ZKB Gold's official financial statements typically reflect ZKB Gold's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving ZKB Gold's quantitative information. For example, before you start analyzing numbers published by ZKB accountants, it's essential to understand ZKB Gold's liquidity, profitability, and earnings quality within the context of the Swisscanto Fondsleitung AG space in which it operates.
Please note, the presentation of ZKB Gold's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, ZKB Gold's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of ZKB Gold's management manipulating its earnings.
ZKB Gold Etf Summary
ZKB Gold competes with Vanguard, IShares Core, Lyxor Japan, IShares SP, and IShares JP. Unlike existing ETFs that generally have an underlying equity index or a basket of shares, the ZKB Gold ETF only invests in physical gold and reflects the value of around one kilogram. ZKB GOLD is traded on Switzerland Exchange in Switzerland.| Instrument | Switzerland Etf |
| Exchange | SIX Swiss Exchange |
| ISIN | CH0047533523 |
| Region | Others |
| Investment Issuer | Others |
| Etf Family | Swisscanto Fondsleitung AG |
| Benchmark | Dow Jones Industrial |
| Currency | EUR - Euro |
ZKB Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ZKB Gold's current stock value. Our valuation model uses many indicators to compare ZKB Gold value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ZKB Gold competition to find correlations between indicators driving ZKB Gold's intrinsic value. More Info.ZKB Gold ETF is rated fourth in one year return as compared to similar ETFs. It is rated below average in three year return as compared to similar ETFs reporting about 0.46 of Three Year Return per One Year Return. The ratio of One Year Return to Three Year Return for ZKB Gold ETF is roughly 2.16 . Comparative valuation analysis is a catch-all model that can be used if you cannot value ZKB Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for ZKB Gold's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.ZKB Gold ETF Systematic Risk
ZKB Gold's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. ZKB Gold volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on ZKB Gold ETF correlated with the market. If Beta is less than 0 ZKB Gold generally moves in the opposite direction as compared to the market. If ZKB Gold Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one ZKB Gold ETF is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of ZKB Gold is generally in the same direction as the market. If Beta > 1 ZKB Gold moves generally in the same direction as, but more than the movement of the benchmark.
ZKB Gold December 4, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of ZKB Gold help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of ZKB Gold ETF. We use our internally-developed statistical techniques to arrive at the intrinsic value of ZKB Gold ETF based on widely used predictive technical indicators. In general, we focus on analyzing ZKB Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build ZKB Gold's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.9214 | |||
| Information Ratio | 0.0608 | |||
| Maximum Drawdown | 5.28 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.49 |
Other Information on Investing in ZKB Etf
ZKB Gold financial ratios help investors to determine whether ZKB Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ZKB with respect to the benefits of owning ZKB Gold security.