Zhibao Technology Stock Forecast - Coefficient Of Variation
| ZBAO Stock | 2.68 0.32 10.67% |
Zhibao Stock Forecast is based on your current time horizon. Although Zhibao Technology's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Zhibao Technology's systematic risk associated with finding meaningful patterns of Zhibao Technology fundamentals over time.
Zhibao |
| Check Zhibao Technology Volatility | Backtest Zhibao Technology | Information Ratio |
Zhibao Technology Trading Date Momentum
| On November 25 2024 Zhibao Technology Class was traded for 2.68 at the closing time. The top price for the day was 3.02 and the lowest listed price was 2.55 . The trading volume for the day was 9.6 K. The trading history from November 25, 2024 had no short-term effect on price fluctuation. The trading date delta against the current closing price is 12.69% . |
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Other Forecasting Options for Zhibao Technology
For every potential investor in Zhibao, whether a beginner or expert, Zhibao Technology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Zhibao Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Zhibao. Basic forecasting techniques help filter out the noise by identifying Zhibao Technology's price trends.Zhibao Technology Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Zhibao Technology stock to make a market-neutral strategy. Peer analysis of Zhibao Technology could also be used in its relative valuation, which is a method of valuing Zhibao Technology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Zhibao Technology Class Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Zhibao Technology's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Zhibao Technology's current price.| Cycle Indicators | ||
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| Volume Indicators |
Zhibao Technology Market Strength Events
Market strength indicators help investors to evaluate how Zhibao Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Zhibao Technology shares will generate the highest return on investment. By undertsting and applying Zhibao Technology stock market strength indicators, traders can identify Zhibao Technology Class entry and exit signals to maximize returns.
Zhibao Technology Risk Indicators
The analysis of Zhibao Technology's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Zhibao Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting zhibao stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 4.1 | |||
| Standard Deviation | 5.76 | |||
| Variance | 33.2 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Zhibao Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Zhibao Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Zhibao Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Zhibao Stock
| 0.69 | TWFG | TWFG, Class A Downward Rally | PairCorr |
| 0.63 | BX | Blackstone Group Normal Trading | PairCorr |
| 0.62 | L | Loews Corp Sell-off Trend | PairCorr |
| 0.61 | AON | Aon PLC | PairCorr |
| 0.58 | AB | AllianceBernstein | PairCorr |
The ability to find closely correlated positions to Zhibao Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zhibao Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Zhibao Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Zhibao Technology Class to buy it.
The correlation of Zhibao Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zhibao Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zhibao Technology Class moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Zhibao Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Zhibao Technology to cross-verify your projections. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Is Insurance Brokers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Zhibao Technology. If investors know Zhibao will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Zhibao Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.27) | Revenue Per Share 12.565 | Quarterly Revenue Growth (0.08) | Return On Assets (0.13) | Return On Equity (2.75) |
The market value of Zhibao Technology Class is measured differently than its book value, which is the value of Zhibao that is recorded on the company's balance sheet. Investors also form their own opinion of Zhibao Technology's value that differs from its market value or its book value, called intrinsic value, which is Zhibao Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Zhibao Technology's market value can be influenced by many factors that don't directly affect Zhibao Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Zhibao Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zhibao Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zhibao Technology'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.