ZGEN Etf Forecast - Relative Strength Index
| ZGEN Etf | USD 19.92 0.05 0.25% |
ZGEN Etf Forecast is based on your current time horizon.
ZGEN |
| Previous Relative Strength Index | Relative Strength Index | Trend |
| 87.87 | 87.87 |
| Check ZGEN Volatility | Backtest ZGEN | Information Ratio |
ZGEN Trading Date Momentum
| On December 11 2024 ZGEN was traded for 19.92 at the closing time. The top price for the day was 19.92 and the lowest listed price was 19.87 . There was no trading activity during the period 0.0. Lack of trading volume on December 11, 2024 had no short-term effect on price fluctuation. The trading date delta against the current closing price is 0.25% . |
ZGEN Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ZGEN etf to make a market-neutral strategy. Peer analysis of ZGEN could also be used in its relative valuation, which is a method of valuing ZGEN by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ZGEN Market Strength Events
Market strength indicators help investors to evaluate how ZGEN etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ZGEN shares will generate the highest return on investment. By undertsting and applying ZGEN etf market strength indicators, traders can identify ZGEN entry and exit signals to maximize returns.
ZGEN Risk Indicators
The analysis of ZGEN's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in ZGEN's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting zgen etf prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.78 | |||
| Semi Deviation | 1.26 | |||
| Standard Deviation | 8.41 | |||
| Variance | 70.79 | |||
| Downside Variance | 4.77 | |||
| Semi Variance | 1.58 | |||
| Expected Short fall | (3.58) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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.Moving together with ZGEN Etf
| 0.72 | VUG | Vanguard Growth Index | PairCorr |
| 0.71 | IWF | iShares Russell 1000 | PairCorr |
| 0.68 | IVW | iShares SP 500 | PairCorr |
| 0.68 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.69 | IUSG | iShares Core SP | PairCorr |
Moving against ZGEN Etf
The ability to find closely correlated positions to ZGEN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ZGEN 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 ZGEN - 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 ZGEN to buy it.
The correlation of ZGEN 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 ZGEN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ZGEN 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 ZGEN 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 income. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of ZGEN is measured differently than its book value, which is the value of ZGEN that is recorded on the company's balance sheet. Investors also form their own opinion of ZGEN's value that differs from its market value or its book value, called intrinsic value, which is ZGEN'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 ZGEN's market value can be influenced by many factors that don't directly affect ZGEN'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 ZGEN's value and its price as these two are different measures arrived at by different means. Investors typically determine if ZGEN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZGEN'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.