ZKB Gold (Switzerland) Market Value
| ZGLDEU Etf | EUR 2,352 10.00 0.42% |
| Symbol | ZKB |
ZKB Gold '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 Gold'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 Gold.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in ZKB Gold on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding ZKB Gold ETF or generate 0.0% return on investment in ZKB Gold over 30 days. ZKB Gold is related to or competes with ZKB Silver, ZKB Platinum. Unlike existing ETFs that generally have an underlying equity index or a basket of shares, the ZKB Gold ETF only invests... More
ZKB Gold 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 Gold'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 Gold ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9702 | |||
| Information Ratio | 0.0466 | |||
| Maximum Drawdown | 5.28 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.49 |
ZKB Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZKB Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZKB Gold's standard deviation. In reality, there are many statistical measures that can use ZKB Gold historical prices to predict the future ZKB Gold's volatility.| Risk Adjusted Performance | 0.0851 | |||
| Jensen Alpha | 0.0846 | |||
| Total Risk Alpha | 0.0362 | |||
| Sortino Ratio | 0.0434 | |||
| Treynor Ratio | 5.3 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ZKB Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ZKB Gold ETF Backtested Returns
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 Mean Deviation of 0.6695, standard deviation of 0.9022, and Market Risk Adjusted Performance of 5.31 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. The entity owns a Beta (Systematic Risk) of 0.0161, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ZKB Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding ZKB Gold is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
ZKB Gold ETF has good reverse predictability. Overlapping area represents the amount of predictability between ZKB Gold time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Gold ETF price movement. The serial correlation of -0.52 indicates that about 52.0% of current ZKB Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 212.99 |
ZKB Gold ETF lagged returns against current returns
Autocorrelation, which is ZKB Gold 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 Gold's etf expected returns. We can calculate the autocorrelation of ZKB Gold returns to help us make a trade decision. For example, suppose you find that ZKB Gold 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 Gold 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 Gold etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZKB Gold etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZKB Gold etf over time.
Current vs Lagged Prices |
| Timeline |
ZKB Gold Lagged Returns
When evaluating ZKB Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZKB Gold etf have on its future price. ZKB Gold 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 Gold autocorrelation shows the relationship between ZKB Gold etf current value and its past values and can show if there is a momentum factor associated with investing in ZKB Gold 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 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.