ZKB Silver (Switzerland) Market Value
| ZSIL Etf | CHF 77.97 0.97 1.26% |
| Symbol | ZKB |
ZKB Silver '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 Silver'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 Silver.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in ZKB Silver on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding ZKB Silver ETF or generate 0.0% return on investment in ZKB Silver over 180 days. ZKB Silver is related to or competes with UBSFund Solutions, Vanguard, IShares VII, IShares Core, Lyxor Japan, IShares Core, and IShares SP. ZKB Silver ETF invests exclusively in physical silver and is the value of approximately 3 kilograms of silver More
ZKB Silver 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 Silver'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 Silver ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.99 | |||
| Information Ratio | 0.0134 | |||
| Maximum Drawdown | 8.87 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 2.91 |
ZKB Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZKB Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZKB Silver's standard deviation. In reality, there are many statistical measures that can use ZKB Silver historical prices to predict the future ZKB Silver's volatility.| Risk Adjusted Performance | 0.0735 | |||
| Jensen Alpha | 0.1598 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0123 | |||
| Treynor Ratio | (2.56) |
ZKB Silver ETF Backtested Returns
ZKB Silver appears to be very steady, given 3 months investment horizon. ZKB Silver ETF retains Efficiency (Sharpe Ratio) of 0.12, which attests that the etf had a 0.12% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for ZKB Silver, which you can use to evaluate the volatility of the etf. Please utilize ZKB Silver's Standard Deviation of 1.83, market risk adjusted performance of (2.55), and Mean Deviation of 1.46 to validate if our risk estimates are consistent with your expectations. The entity owns a Beta (Systematic Risk) of -0.0594, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ZKB Silver are expected to decrease at a much lower rate. During the bear market, ZKB Silver is likely to outperform the market.
Auto-correlation | -0.45 |
Modest reverse predictability
ZKB Silver ETF has modest reverse predictability. Overlapping area represents the amount of predictability between ZKB Silver time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Silver ETF price movement. The serial correlation of -0.45 indicates that just about 45.0% of current ZKB Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 16.45 |
ZKB Silver ETF lagged returns against current returns
Autocorrelation, which is ZKB Silver 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 Silver's etf expected returns. We can calculate the autocorrelation of ZKB Silver returns to help us make a trade decision. For example, suppose you find that ZKB Silver 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 Silver 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 Silver etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZKB Silver etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZKB Silver etf over time.
Current vs Lagged Prices |
| Timeline |
ZKB Silver Lagged Returns
When evaluating ZKB Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZKB Silver etf have on its future price. ZKB Silver 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 Silver autocorrelation shows the relationship between ZKB Silver etf current value and its past values and can show if there is a momentum factor associated with investing in ZKB Silver 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 Silver 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 Silver security.