Zions Bancorporation Stock Market Value
| ZION Stock | USD 60.58 1.44 2.43% |
| Symbol | Zions |
Zions Bancorporation Price To Book Ratio
Is Regional Banks 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 Zions Bancorporation. If investors know Zions 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 Zions Bancorporation 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 0.212 | Dividend Share 1.64 | Earnings Share 4.39 | Revenue Per Share 20.433 | Quarterly Revenue Growth 0.076 |
The market value of Zions Bancorporation is measured differently than its book value, which is the value of Zions that is recorded on the company's balance sheet. Investors also form their own opinion of Zions Bancorporation's value that differs from its market value or its book value, called intrinsic value, which is Zions Bancorporation'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 Zions Bancorporation's market value can be influenced by many factors that don't directly affect Zions Bancorporation'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 Zions Bancorporation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zions Bancorporation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zions Bancorporation'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.
Zions Bancorporation '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 Zions Bancorporation'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 Zions Bancorporation.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Zions Bancorporation on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Zions Bancorporation or generate 0.0% return on investment in Zions Bancorporation over 270 days. Zions Bancorporation is related to or competes with KeyCorp, Comerica, First Horizon, Western Alliance, Fifth Third, Huntington Bancshares, and US Bancorp. Zions Bancorporation, National Association provides various banking and related services primarily in the states of Ariz... More
Zions Bancorporation 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 Zions Bancorporation'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 Zions Bancorporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | 0.1013 | |||
| Maximum Drawdown | 20.65 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 3.62 |
Zions Bancorporation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zions Bancorporation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zions Bancorporation's standard deviation. In reality, there are many statistical measures that can use Zions Bancorporation historical prices to predict the future Zions Bancorporation's volatility.| Risk Adjusted Performance | 0.1213 | |||
| Jensen Alpha | 0.0807 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1525 | |||
| Treynor Ratio | 0.1513 |
Zions Bancorporation Backtested Returns
Zions Bancorporation appears to be very steady, given 3 months investment horizon. Zions Bancorporation shows Sharpe Ratio of 0.14, which attests that the company had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Zions Bancorporation, which you can use to evaluate the volatility of the company. Please utilize Zions Bancorporation's Market Risk Adjusted Performance of 0.1613, downside deviation of 1.83, and Mean Deviation of 1.69 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zions Bancorporation holds a performance score of 11. The firm maintains a market beta of 2.64, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Zions Bancorporation will likely underperform. Please check Zions Bancorporation's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Zions Bancorporation's historical returns will revert.
Auto-correlation | 0.30 |
Below average predictability
Zions Bancorporation has below average predictability. Overlapping area represents the amount of predictability between Zions Bancorporation time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Zions Bancorporation price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Zions Bancorporation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 19.53 |
Zions Bancorporation lagged returns against current returns
Autocorrelation, which is Zions Bancorporation 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 Zions Bancorporation's stock expected returns. We can calculate the autocorrelation of Zions Bancorporation returns to help us make a trade decision. For example, suppose you find that Zions Bancorporation 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 |
Zions Bancorporation 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 Zions Bancorporation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zions Bancorporation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zions Bancorporation stock over time.
Current vs Lagged Prices |
| Timeline |
Zions Bancorporation Lagged Returns
When evaluating Zions Bancorporation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zions Bancorporation stock have on its future price. Zions Bancorporation 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, Zions Bancorporation autocorrelation shows the relationship between Zions Bancorporation stock current value and its past values and can show if there is a momentum factor associated with investing in Zions Bancorporation.
Regressed Prices |
| Timeline |
Pair Trading with Zions Bancorporation
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 Zions Bancorporation 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 Zions Bancorporation will appreciate offsetting losses from the drop in the long position's value.Moving together with Zions Stock
| 0.93 | AX | Axos Financial | PairCorr |
| 0.92 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.95 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against Zions Stock
| 0.64 | TFC-PO | Truist Financial | PairCorr |
| 0.6 | TFC-PR | Truist Financial | PairCorr |
| 0.6 | CFG-PE | Citizens Financial | PairCorr |
| 0.42 | WF | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Zions Bancorporation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zions Bancorporation 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 Zions Bancorporation - 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 Zions Bancorporation to buy it.
The correlation of Zions Bancorporation 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 Zions Bancorporation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zions Bancorporation 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 Zions Bancorporation 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 Zions Bancorporation Correlation, Zions Bancorporation Volatility and Zions Bancorporation Alpha and Beta module to complement your research on Zions Bancorporation. To learn how to invest in Zions Stock, please use our How to Invest in Zions Bancorporation guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Zions Bancorporation 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.