JD HEALTH (Germany) Probability of Future Stock Price Finishing Over 5.91
| 8ZN Stock | 3.30 0.16 4.62% |
8ZN |
JD HEALTH Target Price Odds to finish over 5.91
The tendency of 8ZN Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over 5.91 or more in 90 days |
| 3.30 | 90 days | 5.91 | near 1 |
Based on a normal probability distribution, the odds of JD HEALTH to move over 5.91 or more in 90 days from now is near 1 (This JD HEALTH INTL probability density function shows the probability of 8ZN Stock to fall within a particular range of prices over 90 days) . Probability of JD HEALTH INTL price to stay between its current price of 3.30 and 5.91 at the end of the 90-day period is about 39.25 .
Assuming the 90 days horizon JD HEALTH INTL has a beta of -0.19. This suggests as returns on the benchmark increase, returns on holding JD HEALTH are expected to decrease at a much lower rate. During a bear market, however, JD HEALTH INTL is likely to outperform the market. Additionally JD HEALTH INTL has an alpha of 0.5652, implying that it can generate a 0.57 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). JD HEALTH Price Density |
| Price |
Predictive Modules for JD HEALTH
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as JD HEALTH INTL. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.JD HEALTH Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. JD HEALTH is not an exception. The market had few large corrections towards the JD HEALTH's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold JD HEALTH INTL, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of JD HEALTH within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.57 | |
β | Beta against Dow Jones | -0.19 | |
σ | Overall volatility | 0.44 | |
Ir | Information ratio | 0.1 |
JD HEALTH Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of JD HEALTH for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for JD HEALTH INTL can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| JD HEALTH INTL had very high historical volatility over the last 90 days | |
| JD HEALTH INTL has high likelihood to experience some financial distress in the next 2 years | |
| About 68.0% of the company shares are owned by insiders or employees |
JD HEALTH Technical Analysis
JD HEALTH's future price can be derived by breaking down and analyzing its technical indicators over time. 8ZN Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of JD HEALTH INTL. In general, you should focus on analyzing 8ZN Stock price patterns and their correlations with different microeconomic environments and drivers.
JD HEALTH Predictive Forecast Models
JD HEALTH's time-series forecasting models is one of many JD HEALTH's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary JD HEALTH's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about JD HEALTH INTL
Checking the ongoing alerts about JD HEALTH for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for JD HEALTH INTL help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| JD HEALTH INTL had very high historical volatility over the last 90 days | |
| JD HEALTH INTL has high likelihood to experience some financial distress in the next 2 years | |
| About 68.0% of the company shares are owned by insiders or employees |
Other Information on Investing in 8ZN Stock
JD HEALTH financial ratios help investors to determine whether 8ZN Stock 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 8ZN with respect to the benefits of owning JD HEALTH security.