ZCCM INVESTMENT (Zambia) Probability of Future Stock Price Finishing Under 64.28
| ZCCM-IH Stock | 65.00 0.00 0.00% |
ZCCM |
ZCCM INVESTMENT Target Price Odds to finish below 64.28
The tendency of ZCCM 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 64.28 or more in 90 days |
| 65.00 | 90 days | 64.28 | about 60.53 |
Based on a normal probability distribution, the odds of ZCCM INVESTMENT to drop to 64.28 or more in 90 days from now is about 60.53 (This ZCCM INVESTMENT HOLDINGS probability density function shows the probability of ZCCM Stock to fall within a particular range of prices over 90 days) . Probability of ZCCM INVESTMENT HOLDINGS price to stay between 64.28 and its current price of 65.0 at the end of the 90-day period is about 7.59 .
Assuming the 90 days trading horizon ZCCM INVESTMENT has a beta of 0.51. This usually means as returns on the market go up, ZCCM INVESTMENT average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ZCCM INVESTMENT HOLDINGS will be expected to be much smaller as well. Additionally ZCCM INVESTMENT HOLDINGS has an alpha of 0.2353, implying that it can generate a 0.24 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). ZCCM INVESTMENT Price Density |
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Predictive Modules for ZCCM INVESTMENT
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ZCCM INVESTMENT 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.ZCCM INVESTMENT Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ZCCM INVESTMENT is not an exception. The market had few large corrections towards the ZCCM INVESTMENT'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 ZCCM INVESTMENT HOLDINGS, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ZCCM INVESTMENT within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.24 | |
β | Beta against Dow Jones | 0.51 | |
σ | Overall volatility | 3.52 | |
Ir | Information ratio | 0.08 |
ZCCM INVESTMENT Technical Analysis
ZCCM INVESTMENT's future price can be derived by breaking down and analyzing its technical indicators over time. ZCCM Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ZCCM INVESTMENT HOLDINGS. In general, you should focus on analyzing ZCCM Stock price patterns and their correlations with different microeconomic environments and drivers.
ZCCM INVESTMENT Predictive Forecast Models
ZCCM INVESTMENT's time-series forecasting models is one of many ZCCM INVESTMENT'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 ZCCM INVESTMENT'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 ZCCM INVESTMENT 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, ZCCM INVESTMENT's short interest history, or implied volatility extrapolated from ZCCM INVESTMENT options trading.