MKOMBOZI MERCIAL (Tanzania) Probability of Future Stock Price Finishing Under 560.22
| MKCB Stock | 560.00 0.00 0.00% |
MKOMBOZI |
MKOMBOZI MERCIAL Target Price Odds to finish below 560.22
The tendency of MKOMBOZI 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 stay under 560.22 after 90 days |
| 560.00 | 90 days | 560.22 | about 81.95 |
Based on a normal probability distribution, the odds of MKOMBOZI MERCIAL to stay under 560.22 after 90 days from now is about 81.95 (This MKOMBOZI MERCIAL BANK probability density function shows the probability of MKOMBOZI Stock to fall within a particular range of prices over 90 days) . Probability of MKOMBOZI MERCIAL BANK price to stay between its current price of 560.00 and 560.22 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon MKOMBOZI MERCIAL BANK has a beta of -0.0052. This indicates as returns on the benchmark increase, returns on holding MKOMBOZI MERCIAL are expected to decrease at a much lower rate. During a bear market, however, MKOMBOZI MERCIAL BANK is likely to outperform the market. Additionally MKOMBOZI MERCIAL BANK 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. MKOMBOZI MERCIAL Price Density |
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Predictive Modules for MKOMBOZI MERCIAL
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MKOMBOZI MERCIAL BANK. 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.MKOMBOZI MERCIAL Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MKOMBOZI MERCIAL is not an exception. The market had few large corrections towards the MKOMBOZI MERCIAL'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 MKOMBOZI MERCIAL BANK, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MKOMBOZI MERCIAL within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0074 | |
β | Beta against Dow Jones | -0.0052 | |
σ | Overall volatility | 10.03 | |
Ir | Information ratio | -0.19 |
MKOMBOZI MERCIAL Technical Analysis
MKOMBOZI MERCIAL's future price can be derived by breaking down and analyzing its technical indicators over time. MKOMBOZI Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MKOMBOZI MERCIAL BANK. In general, you should focus on analyzing MKOMBOZI Stock price patterns and their correlations with different microeconomic environments and drivers.
MKOMBOZI MERCIAL Predictive Forecast Models
MKOMBOZI MERCIAL's time-series forecasting models is one of many MKOMBOZI MERCIAL'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 MKOMBOZI MERCIAL'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards MKOMBOZI MERCIAL in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, MKOMBOZI MERCIAL's short interest history, or implied volatility extrapolated from MKOMBOZI MERCIAL options trading.
Additional Tools for MKOMBOZI Stock Analysis
When running MKOMBOZI MERCIAL's price analysis, check to measure MKOMBOZI MERCIAL'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 MKOMBOZI MERCIAL is operating at the current time. Most of MKOMBOZI MERCIAL's value examination focuses on studying past and present price action to predict the probability of MKOMBOZI MERCIAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MKOMBOZI MERCIAL's price. Additionally, you may evaluate how the addition of MKOMBOZI MERCIAL to your portfolios can decrease your overall portfolio volatility.