Zega Buy And Etf Price on October 2, 2024
| ZHDG Etf | USD 21.22 0.09 0.42% |
If you're considering investing in ZEGA Etf, it is important to understand the factors that can impact its price. As of today, the current price of ZEGA Buy stands at 21.22, as last reported on the 28th of November, with the highest price reaching 21.30 and the lowest price hitting 21.18 during the day. At this point, ZEGA Buy is very steady. ZEGA Buy shows Sharpe Ratio of 0.13, which attests that the etf had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for ZEGA Buy, which you can use to evaluate the volatility of the etf. Please check out ZEGA Buy's Risk Adjusted Performance of 0.1062, downside deviation of 0.7459, and Mean Deviation of 0.4534 to validate if the risk estimate we provide is consistent with the expected return of 0.0877%.
ZEGA Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
ZEGA |
Sharpe Ratio = 0.1337
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Estimated Market Risk
| 0.66 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average ZEGA Buy is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ZEGA Buy by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 332.2 K |
ZEGA Buy Valuation on October 2, 2024
It is possible to determine the worth of ZEGA Buy on a given historical date. On October 2, 2024 ZEGA was worth 20.35 at the beginning of the trading date compared to the closed value of 20.35. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ZEGA Buy etf. Still, in general, we apply an absolute valuation method to find ZEGA Buy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of ZEGA Buy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ZEGA Buy's related companies.
| Open | High | Low | Close | Volume | |
| 20.32 | 20.32 | 20.32 | 20.32 | 2,331 | |
10/02/2024 | 20.35 | 20.35 | 20.33 | 20.35 | 300.00 |
| 20.36 | 20.36 | 20.34 | 20.34 | 4,003 |
| Backtest ZEGA Buy | | | ZEGA Buy History | | | ZEGA Buy Valuation | Previous | Next |
ZEGA Buy Trading Date Momentum on October 2, 2024
| On October 03 2024 ZEGA Buy and was traded for 20.34 at the closing time. The top price for the day was 20.36 and the lowest listed price was 20.34 . The trading volume for the day was 4 K. The trading history from October 3, 2024 was a factor to the next trading day price decrease. The trading date delta against the next closing price was 0.05% . The trading date delta against the current closing price is 2.75% . |
ZEGA Buy Fundamentals Correlations and Trends
By evaluating ZEGA Buy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among ZEGA Buy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ZEGA financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ZEGA Buy Etf history
ZEGA Buy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ZEGA is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ZEGA Buy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing ZEGA Buy stock prices may prove useful in developing a viable investing in ZEGA Buy
The fund invests in a combination of options, as well as fixed income securities, or other income producing securities, including preferred shares, through ETFs or other investment companies or through direct investments. Zega Buy is traded on NYSEARCA Exchange in the United States.
ZEGA Buy Etf Technical Analysis
ZEGA Buy technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
ZEGA Buy Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
ZEGA Buy and cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
ZEGA Buy November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how ZEGA Buy etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ZEGA Buy shares will generate the highest return on investment. By undertsting and applying ZEGA Buy etf market strength indicators, traders can identify ZEGA Buy and entry and exit signals to maximize returns
ZEGA Buy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ZEGA Buy's price direction in advance. Along with the technical and fundamental analysis of ZEGA Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of ZEGA to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1062 | |||
| Jensen Alpha | 0.004 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1212 |
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZEGA Buy and. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
The market value of ZEGA Buy is measured differently than its book value, which is the value of ZEGA that is recorded on the company's balance sheet. Investors also form their own opinion of ZEGA Buy's value that differs from its market value or its book value, called intrinsic value, which is ZEGA Buy'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 ZEGA Buy's market value can be influenced by many factors that don't directly affect ZEGA Buy'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 ZEGA Buy's value and its price as these two are different measures arrived at by different means. Investors typically determine if ZEGA Buy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZEGA Buy'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.