Zillow Group Class Etf Market Value
| Z Etf | USD 82.15 4.27 5.48% |
| Symbol | Zillow |
The market value of Zillow Group Class is measured differently than its book value, which is the value of Zillow that is recorded on the company's balance sheet. Investors also form their own opinion of Zillow Group's value that differs from its market value or its book value, called intrinsic value, which is Zillow Group'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 Zillow Group's market value can be influenced by many factors that don't directly affect Zillow Group'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 Zillow Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zillow Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zillow Group'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.
Zillow Group 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Zillow Group's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Zillow Group.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in Zillow Group on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding Zillow Group Class or generate 0.0% return on investment in Zillow Group over 720 days. Zillow Group is related to or competes with Pinterest, Snap, Spotify Technology, Twilio, Match, YY, and DoorDash,. Zillow Group, Inc., a digital real estate company, operates real estate brands on mobile applications and Websites in th... More
Zillow Group Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Zillow Group's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Zillow Group Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | 0.1367 | |||
| Maximum Drawdown | 25.67 | |||
| Value At Risk | (2.96) | |||
| Potential Upside | 4.77 |
Zillow Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zillow Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zillow Group's standard deviation. In reality, there are many statistical measures that can use Zillow Group historical prices to predict the future Zillow Group's volatility.| Risk Adjusted Performance | 0.1304 | |||
| Jensen Alpha | 0.5702 | |||
| Total Risk Alpha | 0.1717 | |||
| Sortino Ratio | 0.2407 | |||
| Treynor Ratio | 2.42 |
Zillow Group Class Backtested Returns
Zillow Group appears to be very steady, given 3 months investment horizon. Zillow Group Class shows Sharpe Ratio of 0.17, which attests that the etf had a 0.17% return per unit of risk over the last 3 months. By examining Zillow Group's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please utilize Zillow Group's Downside Deviation of 2.1, mean deviation of 2.19, and Market Risk Adjusted Performance of 2.43 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zillow Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zillow Group is expected to be smaller as well.
Auto-correlation | -0.33 |
Poor reverse predictability
Zillow Group Class has poor reverse predictability. Overlapping area represents the amount of predictability between Zillow Group time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Zillow Group Class price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Zillow Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 64.03 |
Zillow Group Class lagged returns against current returns
Autocorrelation, which is Zillow Group etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Zillow Group's etf expected returns. We can calculate the autocorrelation of Zillow Group returns to help us make a trade decision. For example, suppose you find that Zillow Group has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Zillow Group regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Zillow Group etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zillow Group etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zillow Group etf over time.
Current vs Lagged Prices |
| Timeline |
Zillow Group Lagged Returns
When evaluating Zillow Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zillow Group etf have on its future price. Zillow Group autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Zillow Group autocorrelation shows the relationship between Zillow Group etf current value and its past values and can show if there is a momentum factor associated with investing in Zillow Group Class.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Zillow Etf
Zillow Group financial ratios help investors to determine whether Zillow Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Zillow with respect to the benefits of owning Zillow Group security.