ZKB Gold (Switzerland) Price on December 5, 2024
| ZGLDEU Etf | EUR 2,352 10.00 0.42% |
If you're considering investing in ZKB Etf, it is important to understand the factors that can impact its price. As of today, the current price of ZKB Gold stands at 2,352, as last reported on the 27th of December, with the highest price reaching 2,364 and the lowest price hitting 2,347 during the day. At this point, ZKB Gold is very steady. ZKB Gold ETF retains Efficiency (Sharpe Ratio) of 0.11, which attests that the etf had a 0.11% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for ZKB Gold, which you can use to evaluate the volatility of the etf. Please check out ZKB Gold's Standard Deviation of 0.9022, market risk adjusted performance of 5.31, and Mean Deviation of 0.6695 to validate if the risk estimate we provide is consistent with the expected return of 0.1%.
ZKB Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
ZKB |
Sharpe Ratio = 0.1108
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | ZGLDEU | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.92 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average ZKB Gold is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ZKB Gold by adding it to a well-diversified portfolio.
ZKB Gold Valuation on December 5, 2024
It is possible to determine the worth of ZKB Gold on a given historical date. On December 5, 2024 ZKB was worth 2354.0 at the beginning of the trading date compared to the closed value of 2336.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ZKB Gold etf. Still, in general, we apply an absolute valuation method to find ZKB Gold's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of ZKB Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ZKB Gold's related companies.
| Open | High | Low | Close | Volume | |
| 2,356 | 2,370 | 2,351 | 2,360 | 352.00 | |
12/05/2024 | 2,354 | 2,356 | 2,336 | 2,336 | 1,532 |
| 2,335 | 2,338 | 2,328 | 2,338 | 854.00 |
| Backtest ZKB Gold | | | ZKB Gold History | | | ZKB Gold Valuation | Previous | Next |
ZKB Gold Trading Date Momentum on December 5, 2024
| On December 06 2024 ZKB Gold ETF was traded for 2,338 at the closing time. The highest price during the trading period was 2,338 and the lowest recorded bid was listed for 2,328 . The volume for the day was 854. This history from December 6, 2024 contributed to the next trading day price jump. The trading date delta to the next closing price was 0.09% . The trading date delta to the current price is 1.18% . |
ZKB Gold ETF Fundamentals Correlations and Trends
By evaluating ZKB Gold's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among ZKB Gold's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ZKB financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ZKB Gold Etf history
ZKB Gold investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ZKB is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ZKB Gold ETF will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing ZKB Gold stock prices may prove useful in developing a viable investing in ZKB Gold
Unlike existing ETFs that generally have an underlying equity index or a basket of shares, the ZKB Gold ETF only invests in physical gold and reflects the value of around one kilogram. ZKB GOLD is traded on Switzerland Exchange in Switzerland.
ZKB Gold Etf Technical Analysis
ZKB Gold technical etf 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, etf market cycles, or different charting patterns.
Price Boundaries
ZKB Gold Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
ZKB Gold ETF cannot be verified against its exchange. Please verify the symbol is currently traded on SIX Swiss Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
ZKB Gold December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how ZKB Gold etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ZKB Gold shares will generate the highest return on investment. By undertsting and applying ZKB Gold etf market strength indicators, traders can identify ZKB Gold ETF entry and exit signals to maximize returns
ZKB Gold Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ZKB Gold's price direction in advance. Along with the technical and fundamental analysis of ZKB Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of ZKB to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0851 | |||
| Jensen Alpha | 0.0846 | |||
| Total Risk Alpha | 0.0362 | |||
| Sortino Ratio | 0.0434 | |||
| Treynor Ratio | 5.3 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in ZKB Etf
ZKB Gold 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 Gold security.