ZAMBIA BATA (Zambia) Probability of Future Stock Price Finishing Over 9.10
| BATA Stock | 6.00 0.50 9.09% |
ZAMBIA |
ZAMBIA BATA Target Price Odds to finish over 9.10
The tendency of ZAMBIA 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 9.10 or more in 90 days |
| 6.00 | 90 days | 9.10 | near 1 |
Based on a normal probability distribution, the odds of ZAMBIA BATA to move over 9.10 or more in 90 days from now is near 1 (This ZAMBIA BATA SHOE probability density function shows the probability of ZAMBIA Stock to fall within a particular range of prices over 90 days) . Probability of ZAMBIA BATA SHOE price to stay between its current price of 6.00 and 9.10 at the end of the 90-day period is about 20.23 .
Assuming the 90 days trading horizon ZAMBIA BATA has a beta of 0.75 suggesting as returns on the market go up, ZAMBIA BATA average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ZAMBIA BATA SHOE will be expected to be much smaller as well. Additionally ZAMBIA BATA SHOE has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. ZAMBIA BATA Price Density |
| Price |
Predictive Modules for ZAMBIA BATA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ZAMBIA BATA SHOE. 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.ZAMBIA BATA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ZAMBIA BATA is not an exception. The market had few large corrections towards the ZAMBIA BATA'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 ZAMBIA BATA SHOE, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ZAMBIA BATA within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.06 | |
β | Beta against Dow Jones | 0.75 | |
σ | Overall volatility | 0.36 | |
Ir | Information ratio | -0.03 |
ZAMBIA BATA 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 ZAMBIA BATA for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ZAMBIA BATA SHOE can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ZAMBIA BATA SHOE had very high historical volatility over the last 90 days |
ZAMBIA BATA Technical Analysis
ZAMBIA BATA's future price can be derived by breaking down and analyzing its technical indicators over time. ZAMBIA Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ZAMBIA BATA SHOE. In general, you should focus on analyzing ZAMBIA Stock price patterns and their correlations with different microeconomic environments and drivers.
ZAMBIA BATA Predictive Forecast Models
ZAMBIA BATA's time-series forecasting models is one of many ZAMBIA BATA'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 ZAMBIA BATA'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 ZAMBIA BATA SHOE
Checking the ongoing alerts about ZAMBIA BATA for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ZAMBIA BATA SHOE help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ZAMBIA BATA SHOE had very high historical volatility over the last 90 days |
Additional Tools for ZAMBIA Stock Analysis
When running ZAMBIA BATA's price analysis, check to measure ZAMBIA BATA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ZAMBIA BATA is operating at the current time. Most of ZAMBIA BATA's value examination focuses on studying past and present price action to predict the probability of ZAMBIA BATA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZAMBIA BATA's price. Additionally, you may evaluate how the addition of ZAMBIA BATA to your portfolios can decrease your overall portfolio volatility.