Zurich Invest (Switzerland) Market Value
| 0P0000JLED | 8.73 0.01 0.11% |
| Symbol | Zurich |
Zurich Invest '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 Zurich Invest's fund 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 Zurich Invest.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Zurich Invest on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Zurich Invest II or generate 0.0% return on investment in Zurich Invest over 720 days.
Zurich Invest 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 Zurich Invest's fund 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 Zurich Invest II upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1679 | |||
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 0.6881 | |||
| Value At Risk | (0.23) | |||
| Potential Upside | 0.2294 |
Zurich Invest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zurich Invest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zurich Invest's standard deviation. In reality, there are many statistical measures that can use Zurich Invest historical prices to predict the future Zurich Invest's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.26) | |||
| Treynor Ratio | 1.13 |
Zurich Invest II Backtested Returns
Zurich Invest II shows Sharpe Ratio of -0.0229, which attests that the fund had a -0.0229% return per unit of risk over the last 3 months. Zurich Invest II exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zurich Invest's Mean Deviation of 0.1201, downside deviation of 0.1679, and Market Risk Adjusted Performance of 1.14 to validate the risk estimate we provide. The entity maintains a market beta of -0.0072, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zurich Invest are expected to decrease at a much lower rate. During the bear market, Zurich Invest is likely to outperform the market.
Auto-correlation | 0.11 |
Insignificant predictability
Zurich Invest II has insignificant predictability. Overlapping area represents the amount of predictability between Zurich Invest time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Zurich Invest II price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Zurich Invest price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Zurich Invest II lagged returns against current returns
Autocorrelation, which is Zurich Invest fund'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 Zurich Invest's fund expected returns. We can calculate the autocorrelation of Zurich Invest returns to help us make a trade decision. For example, suppose you find that Zurich Invest has exhibited high autocorrelation historically, and you observe that the fund 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 |
Zurich Invest 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 Zurich Invest fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zurich Invest fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zurich Invest fund over time.
Current vs Lagged Prices |
| Timeline |
Zurich Invest Lagged Returns
When evaluating Zurich Invest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zurich Invest fund have on its future price. Zurich Invest 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, Zurich Invest autocorrelation shows the relationship between Zurich Invest fund current value and its past values and can show if there is a momentum factor associated with investing in Zurich Invest II.
Regressed Prices |
| Timeline |
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