Zgen Etf Market Value

ZGEN Etf  USD 19.92  0.05  0.25%   
ZGEN's market value is the price at which a share of ZGEN trades on a public exchange. It measures the collective expectations of ZGEN investors about its performance. ZGEN is selling at 19.92 as of the 11th of December 2024; that is 0.25% increase since the beginning of the trading day. The etf's open price was 19.87.
With this module, you can estimate the performance of a buy and hold strategy of ZGEN and determine expected loss or profit from investing in ZGEN over a given investment horizon. 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.
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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

  0.72VUG Vanguard Growth IndexPairCorr
  0.71IWF iShares Russell 1000PairCorr
  0.68IVW iShares SP 500PairCorr
  0.68SPYG SPDR Portfolio SPPairCorr
  0.69IUSG iShares Core SPPairCorr

Moving against ZGEN Etf

  0.42WTID UBS ETRACSPairCorr
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.
Pair CorrelationCorrelation Matching
When determining whether ZGEN offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ZGEN's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Zgen Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Zgen Etf:
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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
ZGEN 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.
A focus of ZGEN technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ZGEN trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...