ECONET WIRELESS (Zimbabwe) Probability of Future Stock Price Finishing Over 350.01
| ECO Stock | 300.26 3.69 1.21% |
ECONET |
ECONET WIRELESS Target Price Odds to finish over 350.01
The tendency of ECONET 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 350.01 or more in 90 days |
| 300.26 | 90 days | 350.01 | about 78.19 |
Based on a normal probability distribution, the odds of ECONET WIRELESS to move over 350.01 or more in 90 days from now is about 78.19 (This ECONET WIRELESS HOLDINGS probability density function shows the probability of ECONET Stock to fall within a particular range of prices over 90 days) . Probability of ECONET WIRELESS HOLDINGS price to stay between its current price of 300.26 and 350.01 at the end of the 90-day period is about 15.65 .
Assuming the 90 days trading horizon ECONET WIRELESS HOLDINGS has a beta of -0.61 suggesting as returns on the benchmark increase, returns on holding ECONET WIRELESS are expected to decrease at a much lower rate. During a bear market, however, ECONET WIRELESS HOLDINGS is likely to outperform the market. Additionally ECONET WIRELESS HOLDINGS 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. ECONET WIRELESS Price Density |
| Price |
Predictive Modules for ECONET WIRELESS
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ECONET WIRELESS HOLDINGS. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ECONET WIRELESS's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ECONET WIRELESS Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ECONET WIRELESS is not an exception. The market had few large corrections towards the ECONET WIRELESS'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 ECONET WIRELESS HOLDINGS, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ECONET WIRELESS within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.58 | |
β | Beta against Dow Jones | -0.61 | |
σ | Overall volatility | 65.23 | |
Ir | Information ratio | -0.12 |
ECONET WIRELESS 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 ECONET WIRELESS for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ECONET WIRELESS HOLDINGS can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ECONET WIRELESS generated a negative expected return over the last 90 days | |
| ECONET WIRELESS has high historical volatility and very poor performance |
ECONET WIRELESS Technical Analysis
ECONET WIRELESS's future price can be derived by breaking down and analyzing its technical indicators over time. ECONET Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ECONET WIRELESS HOLDINGS. In general, you should focus on analyzing ECONET Stock price patterns and their correlations with different microeconomic environments and drivers.
ECONET WIRELESS Predictive Forecast Models
ECONET WIRELESS's time-series forecasting models is one of many ECONET WIRELESS'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 ECONET WIRELESS'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 ECONET WIRELESS HOLDINGS
Checking the ongoing alerts about ECONET WIRELESS for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ECONET WIRELESS HOLDINGS help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ECONET WIRELESS generated a negative expected return over the last 90 days | |
| ECONET WIRELESS has high historical volatility and very poor performance |