Zega Buy And Etf Beta
| ZHDG Etf | USD 21.13 0.05 0.24% |
ZEGA Buy and fundamentals help investors to digest information that contributes to ZEGA Buy's financial success or failures. It also enables traders to predict the movement of ZEGA Etf. The fundamental analysis module provides a way to measure ZEGA Buy'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 ZEGA Buy etf.
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ZEGA Buy and ETF Beta Analysis
ZEGA Buy's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current ZEGA Buy Beta | 0.76 |
Most of ZEGA Buy's fundamental indicators, such as Beta, 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, ZEGA Buy and is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, ZEGA Buy and has a Beta of 0.76. This is much higher than that of the ZEGA family and significantly higher than that of the Derivative Income category. The beta for all United States etfs is notably lower than that of the firm.
ZEGA Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ZEGA Buy's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of ZEGA Buy could also be used in its relative valuation, which is a method of valuing ZEGA Buy by comparing valuation metrics of similar companies.ZEGA Buy is currently under evaluation in beta as compared to similar ETFs.
Fund Asset Allocation for ZEGA Buy
The fund invests 27.29% of asset under management in tradable equity instruments, with the rest of investments concentrated in bonds (5.02%) and various exotic instruments.Asset allocation divides ZEGA Buy'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.
As returns on the market increase, ZEGA Buy's returns are expected to increase less than the market. However, during the bear market, the loss of holding ZEGA Buy is expected to be smaller as well.
ZEGA Fundamentals
| Beta | 0.76 | |||
| Total Asset | 84.6 M | |||
| One Year Return | 21.80 % | |||
| Three Year Return | 2.30 % | |||
| Net Asset | 84.6 M | |||
| Equity Positions Weight | 27.29 % | |||
| Bond Positions Weight | 5.02 % |
About ZEGA Buy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ZEGA Buy and's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ZEGA Buy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ZEGA Buy and 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.
Currently Active Assets on Macroaxis
When determining whether ZEGA Buy is a strong investment it is important to analyze ZEGA Buy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ZEGA Buy's future performance. For an informed investment choice regarding ZEGA Etf, refer to the following important reports:Check out ZEGA Buy Piotroski F Score and ZEGA Buy Altman Z Score analysis. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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.