Zgen Etf Current Liabilities
| ZGEN Etf | USD 19.92 0.05 0.25% |
ZGEN fundamentals help investors to digest information that contributes to ZGEN's financial success or failures. It also enables traders to predict the movement of ZGEN Etf. The fundamental analysis module provides a way to measure ZGEN's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ZGEN etf.
ZGEN |
ZGEN ETF Current Liabilities Analysis
ZGEN's Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Current ZGEN Current Liabilities | 139.82 M |
Most of ZGEN's fundamental indicators, such as Current Liabilities, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ZGEN is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Current liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.
CompetitionIn accordance with the recently published financial statements, ZGEN has a Current Liabilities of 139.82 M. This is much higher than that of the Genz ETF family and significantly higher than that of the Large Growth category. The current liabilities for all United States etfs is notably lower than that of the firm.
ZGEN Current Liabilities Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ZGEN's direct or indirect competition against its Current Liabilities to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of ZGEN could also be used in its relative valuation, which is a method of valuing ZGEN by comparing valuation metrics of similar companies.ZGEN is rated third in current liabilities as compared to similar ETFs.
Fund Asset Allocation for ZGEN
The fund consists of 96.36% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides ZGEN's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
ZGEN Fundamentals
| Return On Asset | -0.0015 | |||
| Profit Margin | (0) % | |||
| Operating Margin | (0) % | |||
| Current Valuation | 444.03 M | |||
| Shares Outstanding | 69.07 M | |||
| Price To Earning | (10.31) X | |||
| Price To Book | (111.85) X | |||
| Price To Sales | 3.22 X | |||
| Revenue | 136.97 M | |||
| Gross Profit | 129.34 M | |||
| EBITDA | (25.44 M) | |||
| Net Income | (42.98 M) | |||
| Cash And Equivalents | 141.63 M | |||
| Cash Per Share | 1.21 X | |||
| Total Debt | 93.49 M | |||
| Debt To Equity | (81.67) % | |||
| Current Ratio | 1.79 X | |||
| Cash Flow From Operations | 85.49 M | |||
| Earnings Per Share | (0.05) X | |||
| Market Capitalization | 442.71 M | |||
| Total Asset | 1.3 M | |||
| Retained Earnings | (141.46 M) | |||
| Working Capital | 110.05 M | |||
| Current Asset | 249.87 M | |||
| Current Liabilities | 139.82 M | |||
| Z Score | 2.4 | |||
| Net Asset | 1.3 M | |||
| Equity Positions Weight | 96.36 % |
About ZGEN Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ZGEN's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ZGEN using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ZGEN based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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.