ZGEN Price To Book vs. Price To Earning
| ZGEN Etf | USD 19.92 0.05 0.25% |
For ZGEN profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ZGEN to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ZGEN utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ZGEN's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ZGEN over time as well as its relative position and ranking within its peers.
ZGEN |
The market value of ZGEN is measured differently than its book value, which is the value of ZGEN that is recorded on the company's balance sheet. Investors also form their own opinion of ZGEN's value that differs from its market value or its book value, called intrinsic value, which is ZGEN'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 ZGEN's market value can be influenced by many factors that don't directly affect ZGEN'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 ZGEN's value and its price as these two are different measures arrived at by different means. Investors typically determine if ZGEN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZGEN'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.
ZGEN Price To Earning vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ZGEN's current stock value. Our valuation model uses many indicators to compare ZGEN value to that of its competitors to determine the firm's financial worth. ZGEN is rated fourth in price to book as compared to similar ETFs. It is rated fourth in price to earning as compared to similar ETFs . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the ZGEN's earnings, one of the primary drivers of an investment's value.ZGEN Price To Earning vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
ZGEN |
| = | (111.85) X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
ZGEN |
| = | (10.31) X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
ZGEN Price To Earning Comparison
ZGEN is rated third in price to earning as compared to similar ETFs.
ZGEN Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ZGEN, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ZGEN will eventually generate negative long term returns. The profitability progress is the general direction of ZGEN's change in net profit over the period of time. It can combine multiple indicators of ZGEN, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund is an actively managed ETF that will invest its assets in U.S. Generation is traded on NASDAQ Exchange in the United States.
ZGEN Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ZGEN. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of ZGEN position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the ZGEN's important profitability drivers and their relationship over time.
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| Price To Book vs Equity Positions Weight |
Use ZGEN in pair-trading
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 ZGEN 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 ZGEN will appreciate offsetting losses from the drop in the long position's value.ZGEN Pair Trading
ZGEN Pair Trading Analysis
The ability to find closely correlated positions to ZGEN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ZGEN 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 ZGEN - 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 ZGEN to buy it.
The correlation of ZGEN 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 ZGEN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ZGEN 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 ZGEN 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.Use Investing Themes to Complement your ZGEN position
In addition to having ZGEN in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Basic Utilities Thematic Idea Now
Basic Utilities
Companies involved in production and distribution of electric, gas, water, and other energy utilities. The Basic Utilities theme has 46 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Basic Utilities Theme or any other thematic opportunities.
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To fully project ZGEN's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of ZGEN at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include ZGEN's income statement, its balance sheet, and the statement of cash flows.