ZKB Palladium (Switzerland) Market Value
| ZPAL Etf | CHF 257.40 1.75 0.68% |
| Symbol | ZKB |
ZKB Palladium '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 ZKB Palladium'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 ZKB Palladium.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in ZKB Palladium on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding ZKB Palladium ETF or generate 0.0% return on investment in ZKB Palladium over 690 days. ZKB Palladium is related to or competes with IShares Core, IShares Core, and Lyxor UCITS. ZKB Palladium ETF invests exclusively in physical palladium and is the value of about 100 grams of palladium from More
ZKB Palladium 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 ZKB Palladium'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 ZKB Palladium ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | 0.0091 | |||
| Maximum Drawdown | 14.42 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 3.91 |
ZKB Palladium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZKB Palladium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZKB Palladium's standard deviation. In reality, there are many statistical measures that can use ZKB Palladium historical prices to predict the future ZKB Palladium's volatility.| Risk Adjusted Performance | 0.0485 | |||
| Jensen Alpha | 0.0866 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0095 | |||
| Treynor Ratio | 0.2991 |
ZKB Palladium ETF Backtested Returns
At this stage we consider ZKB Etf to be very steady. ZKB Palladium ETF retains Efficiency (Sharpe Ratio) of 0.0309, which attests that the etf had a 0.0309% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for ZKB Palladium, which you can use to evaluate the volatility of the etf. Please check out ZKB Palladium's Mean Deviation of 2.27, standard deviation of 2.81, and Market Risk Adjusted Performance of 0.3091 to validate if the risk estimate we provide is consistent with the expected return of 0.0865%. The entity owns a Beta (Systematic Risk) of 0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ZKB Palladium's returns are expected to increase less than the market. However, during the bear market, the loss of holding ZKB Palladium is expected to be smaller as well.
Auto-correlation | -0.04 |
Very weak reverse predictability
ZKB Palladium ETF has very weak reverse predictability. Overlapping area represents the amount of predictability between ZKB Palladium time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 ZKB Palladium ETF price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current ZKB Palladium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 301.67 |
ZKB Palladium ETF lagged returns against current returns
Autocorrelation, which is ZKB Palladium 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 ZKB Palladium's etf expected returns. We can calculate the autocorrelation of ZKB Palladium returns to help us make a trade decision. For example, suppose you find that ZKB Palladium 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 |
ZKB Palladium 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 ZKB Palladium etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZKB Palladium etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZKB Palladium etf over time.
Current vs Lagged Prices |
| Timeline |
ZKB Palladium Lagged Returns
When evaluating ZKB Palladium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZKB Palladium etf have on its future price. ZKB Palladium 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, ZKB Palladium autocorrelation shows the relationship between ZKB Palladium etf current value and its past values and can show if there is a momentum factor associated with investing in ZKB Palladium ETF.
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 ZKB Etf
ZKB Palladium financial ratios help investors to determine whether ZKB 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 ZKB with respect to the benefits of owning ZKB Palladium security.