Zions Bancorporation Na Stock Market Value
| ZIONL Stock | USD 25.00 0.10 0.40% |
| Symbol | Zions |
Zions Bancorporation Price To Book Ratio
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Zions Bancorporation. If investors know Zions will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Zions Bancorporation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Zions Bancorporation is measured differently than its book value, which is the value of Zions that is recorded on the company's balance sheet. Investors also form their own opinion of Zions Bancorporation's value that differs from its market value or its book value, called intrinsic value, which is Zions Bancorporation'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 Zions Bancorporation's market value can be influenced by many factors that don't directly affect Zions Bancorporation'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 Zions Bancorporation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zions Bancorporation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zions Bancorporation'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.
Zions Bancorporation '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 Zions Bancorporation's stock 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 Zions Bancorporation.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in Zions Bancorporation on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding Zions Bancorporation NA or generate 0.0% return on investment in Zions Bancorporation over 720 days. Zions Bancorporation is related to or competes with RiverNorth Specialty, Royce Micro, First Trust, Voya Global, and Ready Capital. Zions Bancorporation is entity of United States More
Zions Bancorporation 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 Zions Bancorporation's stock 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 Zions Bancorporation NA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 1.78 | |||
| Value At Risk | (0.74) | |||
| Potential Upside | 0.5503 |
Zions Bancorporation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zions Bancorporation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zions Bancorporation's standard deviation. In reality, there are many statistical measures that can use Zions Bancorporation historical prices to predict the future Zions Bancorporation's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 0.4767 |
Zions Bancorporation Backtested Returns
Zions Bancorporation shows Sharpe Ratio of -0.0723, which attests that the company had a -0.0723% return per unit of risk over the last 3 months. Zions Bancorporation exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zions Bancorporation's Market Risk Adjusted Performance of 0.4867, standard deviation of 0.3288, and Mean Deviation of 0.2263 to validate the risk estimate we provide. The firm maintains a market beta of -0.0224, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zions Bancorporation are expected to decrease at a much lower rate. During the bear market, Zions Bancorporation is likely to outperform the market. At this point, Zions Bancorporation has a negative expected return of -0.0229%. Please make sure to check out Zions Bancorporation's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Zions Bancorporation performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.53 |
Modest predictability
Zions Bancorporation NA has modest predictability. Overlapping area represents the amount of predictability between Zions Bancorporation time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 Zions Bancorporation price movement. The serial correlation of 0.53 indicates that about 53.0% of current Zions Bancorporation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
Zions Bancorporation lagged returns against current returns
Autocorrelation, which is Zions Bancorporation stock'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 Zions Bancorporation's stock expected returns. We can calculate the autocorrelation of Zions Bancorporation returns to help us make a trade decision. For example, suppose you find that Zions Bancorporation has exhibited high autocorrelation historically, and you observe that the stock 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 |
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Zions Bancorporation 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 Zions Bancorporation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zions Bancorporation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zions Bancorporation stock over time.
Current vs Lagged Prices |
| Timeline |
Zions Bancorporation Lagged Returns
When evaluating Zions Bancorporation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zions Bancorporation stock have on its future price. Zions Bancorporation 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, Zions Bancorporation autocorrelation shows the relationship between Zions Bancorporation stock current value and its past values and can show if there is a momentum factor associated with investing in Zions Bancorporation NA.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Zions Bancorporation Correlation, Zions Bancorporation Volatility and Zions Bancorporation Alpha and Beta module to complement your research on Zions Bancorporation. For more information on how to buy Zions Stock please use our How to buy in Zions Stock guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Zions Bancorporation technical stock 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, stock market cycles, or different charting patterns.