Ermenegildo Zegna Stock Forecast - Daily Balance Of Power
| ZGN Stock | USD 8.09 0.21 2.66% |
Ermenegildo Stock Forecast is based on your current time horizon. Although Ermenegildo Zegna's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Ermenegildo Zegna's systematic risk associated with finding meaningful patterns of Ermenegildo Zegna fundamentals over time.
Ermenegildo |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.68) | (0.49) |
| Check Ermenegildo Zegna Volatility | Backtest Ermenegildo Zegna | Trend Details |
Ermenegildo Zegna Trading Date Momentum
| On April 09 2024 Ermenegildo Zegna NV was traded for 11.88 at the closing time. Highest Ermenegildo Zegna's price during the trading hours was 12.08 and the lowest price during the day was 11.62 . The net volume was 1.1 M. The overall trading history on the 9th of April contributed to the next trading period price depreciation. The trading date delta to the next next day price was 1.25% . The overall trading delta to current price is 7.07% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Ermenegildo Zegna to competition |
Other Forecasting Options for Ermenegildo Zegna
For every potential investor in Ermenegildo, whether a beginner or expert, Ermenegildo Zegna's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ermenegildo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ermenegildo. Basic forecasting techniques help filter out the noise by identifying Ermenegildo Zegna's price trends.Ermenegildo Zegna 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 Ermenegildo Zegna stock to make a market-neutral strategy. Peer analysis of Ermenegildo Zegna could also be used in its relative valuation, which is a method of valuing Ermenegildo Zegna by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ermenegildo Zegna Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Ermenegildo Zegna's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Ermenegildo Zegna's current price.| Cycle Indicators | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Ermenegildo Zegna Market Strength Events
Market strength indicators help investors to evaluate how Ermenegildo Zegna stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ermenegildo Zegna shares will generate the highest return on investment. By undertsting and applying Ermenegildo Zegna stock market strength indicators, traders can identify Ermenegildo Zegna NV entry and exit signals to maximize returns.
Ermenegildo Zegna Risk Indicators
The analysis of Ermenegildo Zegna'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 Ermenegildo Zegna's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ermenegildo stock 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 | 2.24 | |||
| Standard Deviation | 3.06 | |||
| Variance | 9.35 |
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 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
| 0.82 | RL | Ralph Lauren Corp | PairCorr |
| 0.81 | VSTO | Vista Outdoor | PairCorr |
| 0.8 | DOGZ | Dogness International | PairCorr |
| 0.77 | REE | Ree Automotive Holding | PairCorr |
| 0.76 | 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 Historical Fundamental Analysis of Ermenegildo Zegna to cross-verify your projections. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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.