Zimmer Biomet Holdings Stock Probability of Future Stock Price Finishing Over 106.92
| ZBH Stock | USD 112.10 0.08 0.07% |
Zimmer |
Zimmer Biomet Target Price Odds to finish over 106.92
The tendency of Zimmer 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 above $ 106.92 in 90 days |
| 112.10 | 90 days | 106.92 | about 56.3 |
Based on a normal probability distribution, the odds of Zimmer Biomet to stay above $ 106.92 in 90 days from now is about 56.3 (This Zimmer Biomet Holdings probability density function shows the probability of Zimmer Stock to fall within a particular range of prices over 90 days) . Probability of Zimmer Biomet Holdings price to stay between $ 106.92 and its current price of $112.1 at the end of the 90-day period is about 47.19 .
Considering the 90-day investment horizon Zimmer Biomet has a beta of 0.56. This usually means as returns on the market go up, Zimmer Biomet average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Zimmer Biomet Holdings will be expected to be much smaller as well. Additionally Zimmer Biomet 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. Zimmer Biomet Price Density |
| Price |
Predictive Modules for Zimmer Biomet
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Zimmer Biomet 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.Zimmer Biomet Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Zimmer Biomet is not an exception. The market had few large corrections towards the Zimmer Biomet'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 Zimmer Biomet Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Zimmer Biomet within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.09 | |
β | Beta against Dow Jones | 0.56 | |
σ | Overall volatility | 3.47 | |
Ir | Information ratio | -0.09 |
Zimmer Biomet 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 Zimmer Biomet for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Zimmer Biomet 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.| Zimmer Biomet generated a negative expected return over the last 90 days | |
| Zimmer Biomet has a strong financial position based on the latest SEC filings | |
| Over 93.0% of the company outstanding shares are owned by institutional investors | |
| On 31st of October 2024 Zimmer Biomet paid $ 0.24 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Medical Aesthetics Market to Grow by USD 18.8 Billion with Rising Awareness, Report on AI Impact on Market Trends - Technavio |
Zimmer Biomet 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 Zimmer Stock often depends not only on the future outlook of the current and potential Zimmer Biomet'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. Zimmer Biomet's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 209.7 M | |
| Cash And Short Term Investments | 415.8 M |
Zimmer Biomet Technical Analysis
Zimmer Biomet's future price can be derived by breaking down and analyzing its technical indicators over time. Zimmer Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Zimmer Biomet Holdings. In general, you should focus on analyzing Zimmer Stock price patterns and their correlations with different microeconomic environments and drivers.
Zimmer Biomet Predictive Forecast Models
Zimmer Biomet's time-series forecasting models is one of many Zimmer Biomet'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 Zimmer Biomet'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 Zimmer Biomet Holdings
Checking the ongoing alerts about Zimmer Biomet for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Zimmer Biomet Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Zimmer Biomet generated a negative expected return over the last 90 days | |
| Zimmer Biomet has a strong financial position based on the latest SEC filings | |
| Over 93.0% of the company outstanding shares are owned by institutional investors | |
| On 31st of October 2024 Zimmer Biomet paid $ 0.24 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Medical Aesthetics Market to Grow by USD 18.8 Billion with Rising Awareness, Report on AI Impact on Market Trends - Technavio |
Check out Zimmer Biomet Backtesting, Zimmer Biomet Valuation, Zimmer Biomet Correlation, Zimmer Biomet Hype Analysis, Zimmer Biomet Volatility, Zimmer Biomet History as well as Zimmer Biomet Performance. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Health Care Equipment & Supplies 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 Zimmer Biomet. If investors know Zimmer 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 Zimmer Biomet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.597 | Dividend Share 0.96 | Earnings Share 5.24 | Revenue Per Share 37.006 | Quarterly Revenue Growth 0.04 |
The market value of Zimmer Biomet Holdings is measured differently than its book value, which is the value of Zimmer that is recorded on the company's balance sheet. Investors also form their own opinion of Zimmer Biomet's value that differs from its market value or its book value, called intrinsic value, which is Zimmer Biomet'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 Zimmer Biomet's market value can be influenced by many factors that don't directly affect Zimmer Biomet'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 Zimmer Biomet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zimmer Biomet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zimmer Biomet'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.