ZKB Platinum (Switzerland) Market Value
| ZPLA Etf | CHF 248.35 3.50 1.43% |
| Symbol | ZKB |
ZKB Platinum '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 Platinum'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 Platinum.
| 09/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in ZKB Platinum on September 4, 2024 and sell it all today you would earn a total of 0.00 from holding ZKB Platinum ETF or generate 0.0% return on investment in ZKB Platinum over 90 days. ZKB Platinum is related to or competes with UBSFund Solutions, Vanguard, IShares VII, IShares Core, Lyxor Japan, IShares Core, and IShares SP. ZKB Platinum ETF invests exclusively in physical platinum and is the value of about 50 grams of platinum from More
ZKB Platinum 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 Platinum'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 Platinum ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.91 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 6.86 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 2.13 |
ZKB Platinum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZKB Platinum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZKB Platinum's standard deviation. In reality, there are many statistical measures that can use ZKB Platinum historical prices to predict the future ZKB Platinum's volatility.| Risk Adjusted Performance | 0.0472 | |||
| Jensen Alpha | 0.1383 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.16) |
ZKB Platinum ETF Backtested Returns
At this stage we consider ZKB Etf to be very steady. ZKB Platinum ETF retains Efficiency (Sharpe Ratio) of 0.0787, which attests that the etf had a 0.0787% return per unit of volatility over the last 3 months. We have found thirty technical indicators for ZKB Platinum, which you can use to evaluate the volatility of the etf. Please check out ZKB Platinum's Mean Deviation of 1.29, market risk adjusted performance of (0.15), and Standard Deviation of 1.65 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. The entity owns a Beta (Systematic Risk) of -0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ZKB Platinum are expected to decrease at a much lower rate. During the bear market, ZKB Platinum is likely to outperform the market.
Auto-correlation | -0.55 |
Good reverse predictability
ZKB Platinum ETF has good reverse predictability. Overlapping area represents the amount of predictability between ZKB Platinum time series from 4th of September 2024 to 19th of October 2024 and 19th of October 2024 to 3rd of December 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 Platinum ETF price movement. The serial correlation of -0.55 indicates that about 55.0% of current ZKB Platinum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 49.3 |
ZKB Platinum ETF lagged returns against current returns
Autocorrelation, which is ZKB Platinum 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 Platinum's etf expected returns. We can calculate the autocorrelation of ZKB Platinum returns to help us make a trade decision. For example, suppose you find that ZKB Platinum 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 Platinum 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 Platinum etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZKB Platinum etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZKB Platinum etf over time.
Current vs Lagged Prices |
| Timeline |
ZKB Platinum Lagged Returns
When evaluating ZKB Platinum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZKB Platinum etf have on its future price. ZKB Platinum 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 Platinum autocorrelation shows the relationship between ZKB Platinum etf current value and its past values and can show if there is a momentum factor associated with investing in ZKB Platinum 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 Platinum 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 Platinum security.