Zevenbergen Genea Fund Market Value

ZVGNX Fund  USD 53.58  0.19  0.35%   
Zevenbergen Genea's market value is the price at which a share of Zevenbergen Genea trades on a public exchange. It measures the collective expectations of Zevenbergen Genea Fund investors about its performance. Zevenbergen Genea is trading at 53.58 as of the 6th of December 2024; that is 0.35 percent down since the beginning of the trading day. The fund's open price was 53.77.
With this module, you can estimate the performance of a buy and hold strategy of Zevenbergen Genea Fund and determine expected loss or profit from investing in Zevenbergen Genea over a given investment horizon. Check out Zevenbergen Genea Correlation, Zevenbergen Genea Volatility and Zevenbergen Genea Alpha and Beta module to complement your research on Zevenbergen Genea.
Symbol

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

Zevenbergen Genea '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 Zevenbergen Genea'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 Zevenbergen Genea.
0.00
09/07/2024
No Change 0.00  0.0 
In 3 months and 1 day
12/06/2024
0.00
If you would invest  0.00  in Zevenbergen Genea on September 7, 2024 and sell it all today you would earn a total of 0.00 from holding Zevenbergen Genea Fund or generate 0.0% return on investment in Zevenbergen Genea over 90 days. Zevenbergen Genea is related to or competes with Tekla Healthcare, Live Oak, The Hartford, Blackrock Health, Delaware Healthcare, and Deutsche Health. The fund seeks to invest in companies benefiting from advancements in technology regardless of sector or industry More

Zevenbergen Genea 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 Zevenbergen Genea'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 Zevenbergen Genea Fund upside and downside potential and time the market with a certain degree of confidence.

Zevenbergen Genea Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Zevenbergen Genea's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zevenbergen Genea's standard deviation. In reality, there are many statistical measures that can use Zevenbergen Genea historical prices to predict the future Zevenbergen Genea's volatility.
Hype
Prediction
LowEstimatedHigh
0.000.001.31
Details
Intrinsic
Valuation
LowRealHigh
0.356.988.29
Details
Naive
Forecast
LowNextHigh
51.6752.9854.30
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
44.2949.9355.57
Details

Zevenbergen Genea Backtested Returns

Zevenbergen Genea appears to be not too volatile, given 3 months investment horizon. Zevenbergen Genea shows Sharpe Ratio of 0.39, which attests that the fund had a 0.39% return per unit of risk over the last 3 months. By examining Zevenbergen Genea's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize Zevenbergen Genea's Market Risk Adjusted Performance of 0.425, downside deviation of 1.36, and Mean Deviation of 1.05 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 1.16, 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, Zevenbergen Genea will likely underperform.

Auto-correlation

    
  0.79  

Good predictability

Zevenbergen Genea Fund has good predictability. Overlapping area represents the amount of predictability between Zevenbergen Genea time series from 7th of September 2024 to 22nd of October 2024 and 22nd of October 2024 to 6th 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 Zevenbergen Genea price movement. The serial correlation of 0.79 indicates that around 79.0% of current Zevenbergen Genea price fluctuation can be explain by its past prices.
Correlation Coefficient0.79
Spearman Rank Test0.81
Residual Average0.0
Price Variance12.91

Zevenbergen Genea lagged returns against current returns

Autocorrelation, which is Zevenbergen Genea 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 Zevenbergen Genea's mutual fund expected returns. We can calculate the autocorrelation of Zevenbergen Genea returns to help us make a trade decision. For example, suppose you find that Zevenbergen Genea 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  

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

Zevenbergen Genea Lagged Returns

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

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Other Information on Investing in Zevenbergen Mutual Fund

Zevenbergen Genea financial ratios help investors to determine whether Zevenbergen 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 Zevenbergen with respect to the benefits of owning Zevenbergen Genea security.
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