Underlying Holdings' Performance: ZOCT.NEO's price mirrors the performance of the underlying companies it holds, primarily those in the Canadian oil and gas sector.

Market Sentiment: Investor optimism or pessimism towards the energy sector, driven by news, forecasts, and global events, impacts ZOCT.NEO's demand and price.

Oil & Gas Prices: Fluctuations in crude oil and natural gas prices directly affect the profitability and perceived value of the holdings, impacting ZOCT.NEO.

Interest Rates: Changes in interest rates can influence investor appetite for dividend-paying ETFs like ZOCT.NEO, as higher rates make fixed income alternatives more attractive.

Currency Exchange Rates: Since many oil and gas transactions are in USD, the CAD/USD exchange rate can affect the reported earnings of Canadian companies in ZOCT.NEO.

Economic Conditions: Overall economic growth or recessionary fears influence energy demand and therefore the financial health of the companies within ZOCT.NEO.

Geopolitical Events: International conflicts, political instability in oil-producing regions, and trade agreements can create volatility and influence ZOCT.NEO's price.

Company-Specific News: Significant announcements from companies held within the ETF, such as earnings reports, production updates, or acquisitions, can move the price.

Regulatory Changes: Government policies related to energy production, environmental regulations, and carbon taxes can impact the profitability and attractiveness of the sector.

Supply and Demand: The basic forces of supply and demand in the market for ZOCT.NEO shares itself influence price.