METAL FABRICATORS (Zambia) Probability of Future Stock Price Finishing Under 5.0
| ZAMEFA Stock | 5.01 0.01 0.20% |
METAL |
METAL FABRICATORS Target Price Odds to finish below 5.0
The tendency of METAL 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 drop to 5.00 or more in 90 days |
| 5.01 | 90 days | 5.00 | near 1 |
Based on a normal probability distribution, the odds of METAL FABRICATORS to drop to 5.00 or more in 90 days from now is near 1 (This METAL FABRICATORS OF probability density function shows the probability of METAL Stock to fall within a particular range of prices over 90 days) . Probability of METAL FABRICATORS price to stay between 5.00 and its current price of 5.01 at the end of the 90-day period is about 49.6 .
Assuming the 90 days trading horizon METAL FABRICATORS OF has a beta of -0.0037. This usually means as returns on the benchmark increase, returns on holding METAL FABRICATORS are expected to decrease at a much lower rate. During a bear market, however, METAL FABRICATORS OF is likely to outperform the market. Additionally METAL FABRICATORS OF 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. METAL FABRICATORS Price Density |
| Price |
Predictive Modules for METAL FABRICATORS
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as METAL FABRICATORS. 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as METAL FABRICATORS. Your research has to be compared to or analyzed against METAL FABRICATORS's peers to derive any actionable benefits. When done correctly, METAL FABRICATORS's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in METAL FABRICATORS.METAL FABRICATORS Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. METAL FABRICATORS is not an exception. The market had few large corrections towards the METAL FABRICATORS'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 METAL FABRICATORS OF, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of METAL FABRICATORS within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0096 | |
β | Beta against Dow Jones | -0.0037 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -3.12 |
METAL FABRICATORS 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 METAL FABRICATORS for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for METAL FABRICATORS can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| METAL FABRICATORS generated a negative expected return over the last 90 days |
METAL FABRICATORS Technical Analysis
METAL FABRICATORS's future price can be derived by breaking down and analyzing its technical indicators over time. METAL Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of METAL FABRICATORS OF. In general, you should focus on analyzing METAL Stock price patterns and their correlations with different microeconomic environments and drivers.
METAL FABRICATORS Predictive Forecast Models
METAL FABRICATORS's time-series forecasting models is one of many METAL FABRICATORS'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 METAL FABRICATORS'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 METAL FABRICATORS
Checking the ongoing alerts about METAL FABRICATORS for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for METAL FABRICATORS help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| METAL FABRICATORS generated a negative expected return over the last 90 days |