Zoomd Technologies Stock Probability of Future Stock Price Finishing Under 0.56
| ZOMD Stock | CAD 0.53 0.03 6.00% |
Zoomd |
Zoomd Technologies Target Price Odds to finish below 0.56
The tendency of Zoomd 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 C$ 0.56 after 90 days |
| 0.53 | 90 days | 0.56 | about 86.99 |
Based on a normal probability distribution, the odds of Zoomd Technologies to stay under C$ 0.56 after 90 days from now is about 86.99 (This Zoomd Technologies probability density function shows the probability of Zoomd Stock to fall within a particular range of prices over 90 days) . Probability of Zoomd Technologies price to stay between its current price of C$ 0.53 and C$ 0.56 at the end of the 90-day period is about 7.63 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.07 . This usually means Zoomd Technologies market returns are correlated to returns on the market. As the market goes up or down, Zoomd Technologies is expected to follow. In addition to that Zoomd Technologies has an alpha of 2.3271, implying that it can generate a 2.33 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Zoomd Technologies Price Density |
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Predictive Modules for Zoomd Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Zoomd Technologies. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zoomd Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Zoomd Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Zoomd Technologies is not an exception. The market had few large corrections towards the Zoomd Technologies' 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 Zoomd Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Zoomd Technologies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 2.33 | |
β | Beta against Dow Jones | 1.07 | |
σ | Overall volatility | 0.1 | |
Ir | Information ratio | 0.13 |
Zoomd Technologies 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 Zoomd Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Zoomd Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Zoomd Technologies is way too risky over 90 days horizon | |
| Zoomd Technologies has some characteristics of a very speculative penny stock | |
| Zoomd Technologies appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 32.11 M. Net Loss for the year was (4.65 M) with profit before overhead, payroll, taxes, and interest of 16.61 M. | |
| About 23.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Zoomd Technologies to Present at Florida Capital Event, Seeks Growth Opportunities ZMDTF Stock News - StockTitan |
Zoomd Technologies 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 Zoomd Stock often depends not only on the future outlook of the current and potential Zoomd Technologies' 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. Zoomd Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 98.3 M | |
| Shares Float | 76.3 M |
Zoomd Technologies Technical Analysis
Zoomd Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. Zoomd Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Zoomd Technologies. In general, you should focus on analyzing Zoomd Stock price patterns and their correlations with different microeconomic environments and drivers.
Zoomd Technologies Predictive Forecast Models
Zoomd Technologies' time-series forecasting models is one of many Zoomd Technologies' 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 Zoomd Technologies' 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 Zoomd Technologies
Checking the ongoing alerts about Zoomd Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Zoomd Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Zoomd Technologies is way too risky over 90 days horizon | |
| Zoomd Technologies has some characteristics of a very speculative penny stock | |
| Zoomd Technologies appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 32.11 M. Net Loss for the year was (4.65 M) with profit before overhead, payroll, taxes, and interest of 16.61 M. | |
| About 23.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Zoomd Technologies to Present at Florida Capital Event, Seeks Growth Opportunities ZMDTF Stock News - StockTitan |
Additional Tools for Zoomd Stock Analysis
When running Zoomd Technologies' price analysis, check to measure Zoomd Technologies' 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 Zoomd Technologies is operating at the current time. Most of Zoomd Technologies' value examination focuses on studying past and present price action to predict the probability of Zoomd Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zoomd Technologies' price. Additionally, you may evaluate how the addition of Zoomd Technologies to your portfolios can decrease your overall portfolio volatility.