Zacks Small Cap E Fund Market Value

ZSCCX Fund  USD 39.29  0.22  0.56%   
Zacks Small-cap's market value is the price at which a share of Zacks Small-cap trades on a public exchange. It measures the collective expectations of Zacks Small Cap E investors about its performance. Zacks Small-cap is trading at 39.29 as of the 5th of December 2024; that is 0.56 percent up since the beginning of the trading day. The fund's open price was 39.07.
With this module, you can estimate the performance of a buy and hold strategy of Zacks Small Cap E and determine expected loss or profit from investing in Zacks Small-cap over a given investment horizon. Check out Zacks Small-cap Correlation, Zacks Small-cap Volatility and Zacks Small-cap Alpha and Beta module to complement your research on Zacks Small-cap.
Symbol

Please note, there is a significant difference between Zacks Small-cap's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zacks Small-cap is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zacks Small-cap'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.

Zacks Small-cap '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 Zacks Small-cap's mutual 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 Zacks Small-cap.
0.00
12/16/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/05/2024
0.00
If you would invest  0.00  in Zacks Small-cap on December 16, 2022 and sell it all today you would earn a total of 0.00 from holding Zacks Small Cap E or generate 0.0% return on investment in Zacks Small-cap over 720 days. Zacks Small-cap is related to or competes with Zacks Small-cap, Needham Aggressive, Towle Deep, Prudential Qma, and Hennessy Focus. The fund pursues its investment objective by applying a hybrid research process which uses both quantitative and qualita... More

Zacks Small-cap 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 Zacks Small-cap's mutual 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 Zacks Small Cap E upside and downside potential and time the market with a certain degree of confidence.

Zacks Small-cap Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Zacks Small-cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zacks Small-cap's standard deviation. In reality, there are many statistical measures that can use Zacks Small-cap historical prices to predict the future Zacks Small-cap's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zacks Small-cap'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.
Hype
Prediction
LowEstimatedHigh
38.0039.2940.58
Details
Intrinsic
Valuation
LowRealHigh
37.5138.8040.09
Details
Naive
Forecast
LowNextHigh
38.1239.4140.71
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
39.1139.2139.30
Details

Zacks Small Cap Backtested Returns

Zacks Small-cap appears to be very steady, given 3 months investment horizon. Zacks Small Cap shows Sharpe Ratio of 0.16, which attests that the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Zacks Small Cap, which you can use to evaluate the volatility of the fund. Please utilize Zacks Small-cap's Mean Deviation of 0.9313, downside deviation of 1.02, and Market Risk Adjusted Performance of 0.1035 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 1.52, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Zacks Small-cap will likely underperform.

Auto-correlation

    
  0.19  

Very weak predictability

Zacks Small Cap E has very weak predictability. Overlapping area represents the amount of predictability between Zacks Small-cap time series from 16th of December 2022 to 11th of December 2023 and 11th of December 2023 to 5th 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 Zacks Small Cap price movement. The serial correlation of 0.19 indicates that over 19.0% of current Zacks Small-cap price fluctuation can be explain by its past prices.
Correlation Coefficient0.19
Spearman Rank Test0.08
Residual Average0.0
Price Variance3.2

Zacks Small Cap lagged returns against current returns

Autocorrelation, which is Zacks Small-cap mutual 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 Zacks Small-cap's mutual fund expected returns. We can calculate the autocorrelation of Zacks Small-cap returns to help us make a trade decision. For example, suppose you find that Zacks Small-cap has exhibited high autocorrelation historically, and you observe that the mutual 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  

Zacks Small-cap 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 Zacks Small-cap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zacks Small-cap mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zacks Small-cap mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Zacks Small-cap Lagged Returns

When evaluating Zacks Small-cap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zacks Small-cap mutual fund have on its future price. Zacks Small-cap 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, Zacks Small-cap autocorrelation shows the relationship between Zacks Small-cap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Zacks Small Cap E.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Zacks Mutual Fund

Zacks Small-cap financial ratios help investors to determine whether Zacks Mutual Fund 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 Zacks with respect to the benefits of owning Zacks Small-cap security.
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