Ermenegildo Zegna Nv Stock Market Value
| ZGN Stock | USD 7.70 0.03 0.39% |
| Symbol | Ermenegildo |
Ermenegildo Zegna Price To Book Ratio
Is Apparel, Accessories & Luxury Goods space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ermenegildo Zegna. If investors know Ermenegildo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ermenegildo Zegna listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.47) | Dividend Share 0.12 | Earnings Share 0.42 | Revenue Per Share 7.839 | Quarterly Revenue Growth 0.063 |
The market value of Ermenegildo Zegna is measured differently than its book value, which is the value of Ermenegildo that is recorded on the company's balance sheet. Investors also form their own opinion of Ermenegildo Zegna's value that differs from its market value or its book value, called intrinsic value, which is Ermenegildo Zegna'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 Ermenegildo Zegna's market value can be influenced by many factors that don't directly affect Ermenegildo Zegna'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 Ermenegildo Zegna's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ermenegildo Zegna is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ermenegildo Zegna'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.
Ermenegildo Zegna '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 Ermenegildo Zegna's stock 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 Ermenegildo Zegna.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Ermenegildo Zegna on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Ermenegildo Zegna NV or generate 0.0% return on investment in Ermenegildo Zegna over 720 days. Ermenegildo Zegna is related to or competes with Oxford Industries, G III, Kontoor Brands, Columbia Sportswear, Vince Holding, Gildan Activewear, and PVH Corp. Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear,... More
Ermenegildo Zegna 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 Ermenegildo Zegna's stock 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 Ermenegildo Zegna NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 14.37 | |||
| Value At Risk | (5.68) | |||
| Potential Upside | 4.2 |
Ermenegildo Zegna Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ermenegildo Zegna's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ermenegildo Zegna's standard deviation. In reality, there are many statistical measures that can use Ermenegildo Zegna historical prices to predict the future Ermenegildo Zegna's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (0.75) |
Ermenegildo Zegna Backtested Returns
Ermenegildo Zegna secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the company had a -0.14% return per unit of risk over the last 3 months. Ermenegildo Zegna NV exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ermenegildo Zegna's Variance of 9.09, mean deviation of 2.18, and Standard Deviation of 3.02 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.53, which means possible diversification benefits within a given portfolio. As returns on the market increase, Ermenegildo Zegna's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ermenegildo Zegna is expected to be smaller as well. At this point, Ermenegildo Zegna has a negative expected return of -0.42%. Please make sure to confirm Ermenegildo Zegna's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Ermenegildo Zegna performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Ermenegildo Zegna NV has virtually no predictability. Overlapping area represents the amount of predictability between Ermenegildo Zegna time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Ermenegildo Zegna price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Ermenegildo Zegna price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 3.61 |
Ermenegildo Zegna lagged returns against current returns
Autocorrelation, which is Ermenegildo Zegna stock'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 Ermenegildo Zegna's stock expected returns. We can calculate the autocorrelation of Ermenegildo Zegna returns to help us make a trade decision. For example, suppose you find that Ermenegildo Zegna has exhibited high autocorrelation historically, and you observe that the stock 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 |
Ermenegildo Zegna 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 Ermenegildo Zegna stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ermenegildo Zegna stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ermenegildo Zegna stock over time.
Current vs Lagged Prices |
| Timeline |
Ermenegildo Zegna Lagged Returns
When evaluating Ermenegildo Zegna's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ermenegildo Zegna stock have on its future price. Ermenegildo Zegna 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, Ermenegildo Zegna autocorrelation shows the relationship between Ermenegildo Zegna stock current value and its past values and can show if there is a momentum factor associated with investing in Ermenegildo Zegna NV.
Regressed Prices |
| Timeline |
Pair Trading with Ermenegildo Zegna
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 Ermenegildo Zegna 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 Ermenegildo Zegna will appreciate offsetting losses from the drop in the long position's value.Moving against Ermenegildo Stock
| 0.89 | GIL | Gildan Activewear | PairCorr |
| 0.88 | RL | Ralph Lauren Corp | PairCorr |
| 0.83 | DOGZ | Dogness International | PairCorr |
| 0.81 | AS | Amer Sports, | PairCorr |
| 0.8 | VSTO | Vista Outdoor | PairCorr |
The ability to find closely correlated positions to Ermenegildo Zegna could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ermenegildo Zegna 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 Ermenegildo Zegna - 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 Ermenegildo Zegna NV to buy it.
The correlation of Ermenegildo Zegna 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 Ermenegildo Zegna moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ermenegildo Zegna 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 Ermenegildo Zegna 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 Ermenegildo Zegna Correlation, Ermenegildo Zegna Volatility and Ermenegildo Zegna Alpha and Beta module to complement your research on Ermenegildo Zegna. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Ermenegildo Zegna technical stock 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, stock market cycles, or different charting patterns.