ZAMBIA FORESTRY (Zambia) Probability of Future Stock Price Finishing Under 2.97
| ZFCO Stock | 2.97 0.10 3.48% |
ZAMBIA |
ZAMBIA FORESTRY Target Price Odds to finish below 2.97
The tendency of ZAMBIA 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 |
| 2.97 | 90 days | 2.97 | about 92.07 |
Based on a normal probability distribution, the odds of ZAMBIA FORESTRY to move below current price in 90 days from now is about 92.07 (This ZAMBIA FORESTRY AND probability density function shows the probability of ZAMBIA Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon ZAMBIA FORESTRY AND has a beta of -0.0182. This usually means as returns on the benchmark increase, returns on holding ZAMBIA FORESTRY are expected to decrease at a much lower rate. During a bear market, however, ZAMBIA FORESTRY AND is likely to outperform the market. Additionally ZAMBIA FORESTRY AND has an alpha of 0.2379, implying that it can generate a 0.24 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). ZAMBIA FORESTRY Price Density |
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Predictive Modules for ZAMBIA FORESTRY
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ZAMBIA FORESTRY AND. 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.ZAMBIA FORESTRY Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ZAMBIA FORESTRY is not an exception. The market had few large corrections towards the ZAMBIA FORESTRY'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 ZAMBIA FORESTRY AND, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ZAMBIA FORESTRY within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.24 | |
β | Beta against Dow Jones | -0.02 | |
σ | Overall volatility | 0.12 | |
Ir | Information ratio | 0.09 |
ZAMBIA FORESTRY Technical Analysis
ZAMBIA FORESTRY's future price can be derived by breaking down and analyzing its technical indicators over time. ZAMBIA Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ZAMBIA FORESTRY AND. In general, you should focus on analyzing ZAMBIA Stock price patterns and their correlations with different microeconomic environments and drivers.
ZAMBIA FORESTRY Predictive Forecast Models
ZAMBIA FORESTRY's time-series forecasting models is one of many ZAMBIA FORESTRY'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 ZAMBIA FORESTRY'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 ZAMBIA FORESTRY 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, ZAMBIA FORESTRY's short interest history, or implied volatility extrapolated from ZAMBIA FORESTRY options trading.
Additional Tools for ZAMBIA Stock Analysis
When running ZAMBIA FORESTRY's price analysis, check to measure ZAMBIA FORESTRY'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 ZAMBIA FORESTRY is operating at the current time. Most of ZAMBIA FORESTRY's value examination focuses on studying past and present price action to predict the probability of ZAMBIA FORESTRY's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZAMBIA FORESTRY's price. Additionally, you may evaluate how the addition of ZAMBIA FORESTRY to your portfolios can decrease your overall portfolio volatility.