Iczoom Group Class Stock Probability of Future Stock Price Finishing Under 2.32
| IZM Stock | 2.32 0.02 0.85% |
ICZOOM |
ICZOOM Group Target Price Odds to finish below 2.32
The tendency of ICZOOM 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 below current price in 90 days |
| 2.32 | 90 days | 2.32 | about 45.27 |
Based on a normal probability distribution, the odds of ICZOOM Group to move below current price in 90 days from now is about 45.27 (This ICZOOM Group Class probability density function shows the probability of ICZOOM Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon ICZOOM Group Class has a beta of -1.2. This usually indicates as returns on its benchmark rise, returns on holding ICZOOM Group Class are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, ICZOOM Group is expected to outperform its benchmark. Additionally ICZOOM Group Class has an alpha of 0.3292, implying that it can generate a 0.33 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). ICZOOM Group Price Density |
| Price |
Predictive Modules for ICZOOM Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ICZOOM Group Class. 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.ICZOOM Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ICZOOM Group is not an exception. The market had few large corrections towards the ICZOOM Group'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 ICZOOM Group Class, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ICZOOM Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.33 | |
β | Beta against Dow Jones | -1.2 | |
σ | Overall volatility | 0.26 | |
Ir | Information ratio | 0.02 |
ICZOOM Group 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 ICZOOM Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ICZOOM Group Class can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ICZOOM Group Class had very high historical volatility over the last 90 days | |
| The company reported the last year's revenue of 177.93 M. Reported Net Loss for the year was (2.27 M) with profit before taxes, overhead, and interest of 7.92 M. |
ICZOOM Group Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of ICZOOM Stock often depends not only on the future outlook of the current and potential ICZOOM Group's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. ICZOOM Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 10.4 M | |
| Cash And Short Term Investments | 5.5 M |
ICZOOM Group Technical Analysis
ICZOOM Group's future price can be derived by breaking down and analyzing its technical indicators over time. ICZOOM Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ICZOOM Group Class. In general, you should focus on analyzing ICZOOM Stock price patterns and their correlations with different microeconomic environments and drivers.
ICZOOM Group Predictive Forecast Models
ICZOOM Group's time-series forecasting models is one of many ICZOOM Group'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 ICZOOM Group'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 ICZOOM Group Class
Checking the ongoing alerts about ICZOOM Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ICZOOM Group Class help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ICZOOM Group Class had very high historical volatility over the last 90 days | |
| The company reported the last year's revenue of 177.93 M. Reported Net Loss for the year was (2.27 M) with profit before taxes, overhead, and interest of 7.92 M. |
Check out ICZOOM Group Backtesting, ICZOOM Group Valuation, ICZOOM Group Correlation, ICZOOM Group Hype Analysis, ICZOOM Group Volatility, ICZOOM Group History as well as ICZOOM Group Performance. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Is Retail 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 ICZOOM Group. If investors know ICZOOM 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 ICZOOM Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of ICZOOM Group Class is measured differently than its book value, which is the value of ICZOOM that is recorded on the company's balance sheet. Investors also form their own opinion of ICZOOM Group's value that differs from its market value or its book value, called intrinsic value, which is ICZOOM Group'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 ICZOOM Group's market value can be influenced by many factors that don't directly affect ICZOOM Group'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 ICZOOM Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if ICZOOM Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ICZOOM Group'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.