Zacks All Cap Core Fund Market Value
| CZOVX Fund | USD 30.76 0.10 0.33% |
| Symbol | Zacks |
Zacks All '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 All'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 All.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Zacks All on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Zacks All Cap Core or generate 0.0% return on investment in Zacks All over 30 days. Zacks All is related to or competes with Zacks Dividend, Zacks Dividend, Zacks Small, Zacks Small, Prudential Jennison, and Fidelity New. The fund pursues its investment objectives by applying a hybrid research process, which uses both quantitative and quali... More
Zacks All 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 All'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 All Cap Core upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.653 | |||
| Information Ratio | 0.0513 | |||
| Maximum Drawdown | 3.82 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 0.9635 |
Zacks All Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zacks All's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zacks All's standard deviation. In reality, there are many statistical measures that can use Zacks All historical prices to predict the future Zacks All's volatility.| Risk Adjusted Performance | 0.1448 | |||
| Jensen Alpha | 0.1161 | |||
| Total Risk Alpha | 0.0413 | |||
| Sortino Ratio | 0.0526 | |||
| Treynor Ratio | 1.34 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zacks All'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.
Zacks All Cap Backtested Returns
At this stage we consider Zacks Mutual Fund to be out of control. Zacks All 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 All Cap, which you can use to evaluate the volatility of the fund. Please check out Zacks All's Mean Deviation of 0.5003, market risk adjusted performance of 1.35, and Downside Deviation of 0.653 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The entity maintains a market beta of 0.0928, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zacks All's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zacks All is expected to be smaller as well.
Auto-correlation | -0.67 |
Very good reverse predictability
Zacks All Cap Core has very good reverse predictability. Overlapping area represents the amount of predictability between Zacks All time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 All Cap price movement. The serial correlation of -0.67 indicates that around 67.0% of current Zacks All price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Zacks All Cap lagged returns against current returns
Autocorrelation, which is Zacks All 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 All's mutual fund expected returns. We can calculate the autocorrelation of Zacks All returns to help us make a trade decision. For example, suppose you find that Zacks All 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 All 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 All mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zacks All 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 All mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Zacks All Lagged Returns
When evaluating Zacks All's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zacks All mutual fund have on its future price. Zacks All 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 All autocorrelation shows the relationship between Zacks All mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Zacks All Cap Core.
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 Zacks Mutual Fund
Zacks All 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 All security.
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