ZKB Gold (Switzerland) Volatility
| ZGLDUS Etf | USD 4,814 -53.00 -1.09% |
ZKB Gold ETF keeps a moderate volatility profile over the selected analytical period. On a risk-adjusted basis, ZKB Gold ETF records a Sharpe Ratio (Efficiency) of 0.17, implying constructive risk-adjusted performance over the last 3 months. We reviewed 30 technical indicators influencing the latest risk profile.
Sharpe Ratio = 0.1708
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Estimated Market Risk
| 2.04 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.35 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
For ZKB Gold ETF, recent data highlights a Market Risk Adjusted Performance of 3.1%, a Risk of 2.04, and a Risk Adjusted Performance of 0.1%. Based on moving average positioning, ZKB Gold is functioning near 13% of its previously observed return span. Portfolio interaction determines incremental risk-adjusted impact.
Key indicators related to ZKB Gold's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Comparing ZKB Gold's current volatility against its historical average helps investors identify whether ZKB Gold is in a period of elevated or suppressed risk. Elevated volatility often coincides with uncertainty about earnings, regulatory changes, or macro conditions.
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ZKB Gold Volatility Strategy
ZKB Gold ETF fluctuations may alter downside contribution within diversified portfolios. Current statistical measures show total volatility near 2.04% with a beta coefficient of 0.11, indicating sensitivity relative to the broader market benchmark. Risk-adjusted efficiency, represented by a Sharpe ratio of 0.17, evaluates return per unit of total risk. An alpha value of 0.34 reflects performance relative to systematic market exposure. Expected return estimates near 0.35% are derived from historical distribution modeling and help frame forward-looking return assumptions within a portfolio context. Underlying asset liquidity impacts pricing efficiency.
Main indicators related to ZKB Gold's market risk premium analysis include:
Beta 0.11 | Alpha 0.34 | Risk 2.04 | Sharpe Ratio 0.17 | Expected Return 0.35 |
Moving together with ZKB Etf
| 0.99 | ZGLDEU | ZKB Gold ETF | PairCorr |
| 0.63 | ZSILEU | ZKB Silver ETF | PairCorr |
| 0.99 | AUUSI | UBS ETF Gold | PairCorr |
| 1.0 | AUCHAH | UBS ETF Gold | PairCorr |
| 0.64 | ZSILUS | ZKB Silver ETF | PairCorr |
| 0.74 | IJPE | iShares MSCI Japan | PairCorr |
| 0.87 | HMAF | HSBC MSCI AC | PairCorr |
ZKB Gold Sensitivity To Market
ZKB Gold'sMarket sensitivity for ZKB Gold ETF is expressed through a beta of 0.11, based on regression between asset returns and market returns. Total price dispersion is near 2.04%.ZKB Gold ETF price movement reflects recent variability that can be tracked through standard deviation (2.04%) and downside deviation (2.3%). Premium/discount metrics are commonly used alongside volatility to describe ETF price behavior. Premium/discount to NAV is often expressed as (Price โ NAV) / NAV ร 100 when NAV is available.
3 Months Beta |Analyze ZKB Gold ETF Demand TrendCheck current 90 days ZKB Gold correlation with market (Dow Jones Industrial)ZKB Gold Downside Risk
Standard deviation is the primary measure of ZKB daily price volatility relative to its mean over a specified period. High values reflect high volatility; low values reflect a stable price pattern.
Standard Deviation | 2.04 |
An important distinction for ZKB Gold investors is between standard deviation (total volatility, including upside) and downside deviation, which measures only the risk of loss in ZKB Gold's returns. For ZKB Gold ETF, recent data highlights a Downside Deviation of 2.30, a Downside Variance of 5.27, and a Maximum Drawdown of 9.94.
ZKB Gold ETF Etf Volatility Analysis
Tracking ZKB Gold volatility helps market participants understand the degree of price uncertainty. Sharp price swings in ZKB Gold's etf often accompany major news events, earnings announcements, or macro shifts.
Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. ZKB Gold ETF Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
ZKB Gold Projected Return Density Against Market
Assuming the 90-day trading horizon ZKB Gold has a beta of 0.1083 . This usually means as returns on the market go up, ZKB Gold's average returns are expected to increase less than the benchmark. However, during a bear market, the loss from holding ZKB Gold ETF is expected to be smaller as well.ZKB Gold combines broad market sensitivity with company or sector-specific developments. Diversification may lower asset-specific risk, but systematic volatility remains inherent. For ZKB Gold ETF, recent data highlights a Downside Deviation of 2.30, a Mean Deviation of 1.46, and a Semi Deviation of 2.02.
Predicted Return Density |
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What Drives a ZKB Gold Price Volatility?
Several factors can influence a etf's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract investor attention to the company. This positive attention may impact the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.ZKB Gold Etf Risk Measures
Assuming the 90-day trading horizon the coefficient of variation of ZKB Gold is 585.4. The daily returns are distributed with a variance of 4.15 and standard deviation of 2.04. The mean deviation of ZKB Gold ETF is currently at 1.46. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.77
α | Alpha over Dow Jones | 0.34 | |
β | Beta against Dow Jones | 0.11 | |
σ | Overall volatility | 2.04 | |
Ir | Information ratio | 0.18 |
ZKB Gold Etf Return Volatility
ZKB Gold historical daily return volatility represents how much of ZKB Gold etf's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The ETF accepts 2.0369% volatility on return distribution over a 90-day horizon. By contrast, Dow Jones Industrial accepts 0.7694% volatility on return distribution over a 90-day horizon. Performance |
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Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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ZKB Gold Competition Risk-Adjusted Indicators
There is a big difference between ZKB Etf performing well and ZKB Gold ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ZKB Gold's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.41 | 0.01 | 0.01 | 0.00 | 1.67 | 2.30 | 13.69 | |||
| MSFT | 1.28 | -0.24 | 0.00 | -0.71 | 0.00 | 2.19 | 13.28 | |||
| UBER | 1.55 | -0.28 | 0.00 | -1.04 | 0.00 | 2.70 | 11.09 | |||
| F | 1.34 | -0.08 | 0.00 | -1.26 | 0.00 | 3.61 | 10.01 | |||
| T | 1.13 | 0.12 | 0.10 | -0.52 | 1.20 | 3.87 | 8.53 | |||
| A | 1.27 | -0.35 | 0.00 | -0.37 | 0.00 | 2.48 | 7.20 | |||
| CRM | 1.78 | -0.33 | 0.00 | -0.44 | 0.00 | 4.03 | 12.37 | |||
| JPM | 1.22 | -0.10 | 0.00 | -0.08 | 0.00 | 2.34 | 8.17 | |||
| MRK | 1.19 | 0.24 | 0.17 | 0.46 | 1.29 | 2.54 | 7.29 | |||
| XOM | 1.34 | 0.41 | 0.28 | 6.84 | 1.14 | 2.90 | 6.83 |
About ZKB Gold Volatility Analysis
Volatility for ZKB Gold reflects price dispersion, spread stability, and underlying basket liquidity conditions. Return spread influences portfolio contribution and drawdown risk. 
Michael Smolkin ยท Member of Macroaxis Board of Directors
Unless otherwise specified, financial data for ZKB Gold ETF is derived from periodic company reporting (annual and quarterly where available). Asset-level metrics are computed daily by Macroaxis LLC and refreshed regularly based on asset type. Updates may occur throughout the day.
ZKB Etf is Curated By:
Michael Smolkin ยท Member of Macroaxis Board of DirectorsZKB Gold Investment Opportunity
Measured over the selected horizon, ZKB Gold ETF carries roughly 2.65 times the return volatility of Dow Jones Industrial. That added volatility may be acceptable only if the position is expected to deliver stronger return efficiency or diversification value.You can use ZKB Gold ETF to protect your portfolios against small market fluctuations. This short-horizon strategy note focuses on what the latest move may imply for immediate trading context. It works best as a directional cue rather than as a standalone forecast. a somewhat bearish sentiment, but the market may correct it shortly. Check odds of ZKB Gold to be traded at $4669.58 in 90 days.Significant diversification
Across the chosen horizon, ZGLDUS and DJI show a correlation of 0.08 and fall into the Significant diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.
ZKB Gold Additional Risk Indicators
Risk analysis around ZKB Gold ETF becomes more useful when investors review secondary indicators that can confirm, refine, or challenge the basic volatility picture. Used correctly, these measures can support both standalone risk assessment and portfolio-level hedging decisions.
| Risk Adjusted Performance | 0.1384 | |||
| Market Risk Adjusted Performance | 3.13 | |||
| Mean Deviation | 1.46 | |||
| Semi Deviation | 2.02 | |||
| Downside Deviation | 2.3 | |||
| Coefficient Of Variation | 585.4 | |||
| Standard Deviation | 2.04 |
ZKB Gold Suggested Diversification Pairs
Pair trading with ZKB Gold can help investors hedge some company-specific exposure by balancing a long view with an offsetting position. The key question is whether the second leg adds real hedge value instead of just creating a more complex version of the same risk.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against ZKB Gold as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. ZKB Gold's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, ZKB Gold's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to ZKB Gold ETF.
More Resources for ZKB Etf Analysis
Other Information on Investing in ZKB Etf
Financial ratios for ZKB Gold help frame valuation context across profits, cash flow, and enterprise value. They help compare ZKB across measures in a consistent way.