Zgen Etf Chance of Future Etf Price Finishing Under 19.92
| ZGEN Etf | USD 19.92 0.05 0.25% |
ZGEN |
ZGEN Target Price Odds to finish below 19.92
The tendency of ZGEN Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move below current price in 90 days |
| 19.92 | 90 days | 19.92 | roughly 97.0 |
Based on a normal probability distribution, the odds of ZGEN to move below current price in 90 days from now is roughly 97.0 (This ZGEN probability density function shows the probability of ZGEN Etf to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the etf has the beta coefficient of 1.44 . This usually means as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ZGEN will likely underperform. Moreover ZGEN has an alpha of 1.0868, implying that it can generate a 1.09 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). ZGEN Price Density |
| Price |
Predictive Modules for ZGEN
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ZGEN. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ZGEN's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ZGEN Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ZGEN is not an exception. The market had few large corrections towards the ZGEN's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold ZGEN, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ZGEN within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.09 | |
β | Beta against Dow Jones | 1.44 | |
σ | Overall volatility | 3.37 | |
Ir | Information ratio | 0.13 |
ZGEN Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of ZGEN for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ZGEN can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ZGEN is not yet fully synchronised with the market data | |
| The company reported the previous year's revenue of 136.97 M. Net Loss for the year was (42.98 M) with profit before overhead, payroll, taxes, and interest of 129.34 M. | |
| The fund keeps 96.36% of its net assets in stocks |
ZGEN Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of ZGEN Etf often depends not only on the future outlook of the current and potential ZGEN's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. ZGEN's indicators that are reflective of the short sentiment are summarized in the table below.
| Average Daily Volume Last 10 Day | 350 | |
| Average Daily Volume In Three Month | 544 |
ZGEN Technical Analysis
ZGEN's future price can be derived by breaking down and analyzing its technical indicators over time. ZGEN Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ZGEN. In general, you should focus on analyzing ZGEN Etf price patterns and their correlations with different microeconomic environments and drivers.
ZGEN Predictive Forecast Models
ZGEN's time-series forecasting models is one of many ZGEN's etf analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary ZGEN's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the etf market movement and maximize returns from investment trading.
Things to note about ZGEN
Checking the ongoing alerts about ZGEN for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ZGEN help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ZGEN is not yet fully synchronised with the market data | |
| The company reported the previous year's revenue of 136.97 M. Net Loss for the year was (42.98 M) with profit before overhead, payroll, taxes, and interest of 129.34 M. | |
| The fund keeps 96.36% of its net assets in stocks |
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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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.