Zions Bancorporation National Preferred Stock Market Value
| ZIONO Preferred Stock | USD 25.04 0.03 0.12% |
| Symbol | Zions |
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 preferred 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.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in Zions Bancorporation on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding Zions Bancorporation National or generate 0.0% return on investment in Zions Bancorporation over 180 days. Zions Bancorporation is related to or competes with Washington Federal, and Pinnacle Financial. Zions Bancorporation, National Association provides various banking and related services primarily in the states of Ariz... 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 preferred 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 National upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 5.77 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 1.03 |
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 | (0.05) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 7.68 |
Zions Bancorporation Backtested Returns
Zions Bancorporation shows Sharpe Ratio of -0.0628, which attests that the company had a -0.0628% return per unit of risk over the last 3 months. Zions Bancorporation exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zions Bancorporation's Mean Deviation of 0.4236, market risk adjusted performance of 7.69, and Standard Deviation of 0.717 to validate the risk estimate we provide. The firm maintains a market beta of -0.0071, 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 -0.0452%. Please make sure to check out Zions Bancorporation's total risk alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Zions Bancorporation performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Zions Bancorporation National has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Zions Bancorporation time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd 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 -0.73 indicates that around 73.0% of current Zions Bancorporation price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Zions Bancorporation lagged returns against current returns
Autocorrelation, which is Zions Bancorporation preferred 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 preferred 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 preferred 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 |
| Timeline |
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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zions Bancorporation preferred 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 preferred 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 preferred 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 preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Zions Bancorporation National.
Regressed Prices |
| Timeline |
Pair Trading with Zions Bancorporation
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 Zions Bancorporation 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 Zions Bancorporation will appreciate offsetting losses from the drop in the long position's value.Moving together with Zions Preferred Stock
Moving against Zions Preferred Stock
| 0.7 | BANC-PF | Banc of California | PairCorr |
| 0.62 | EBTC | Enterprise Bancorp | PairCorr |
| 0.62 | EFSC | Enterprise Financial Fiscal Year End 27th of January 2025 | PairCorr |
| 0.61 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.6 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
The ability to find closely correlated positions to Zions Bancorporation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zions Bancorporation 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 Zions Bancorporation - 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 Zions Bancorporation National to buy it.
The correlation of Zions Bancorporation 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 Zions Bancorporation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zions Bancorporation 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 Zions Bancorporation 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.Other Information on Investing in Zions Preferred Stock
Zions Bancorporation financial ratios help investors to determine whether Zions Preferred Stock 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 Zions with respect to the benefits of owning Zions Bancorporation security.