Zynex Inc Stock Chance of Future Stock Price Finishing Under 8.11
| ZYXI Stock | USD 8.11 0.25 3.18% |
Zynex |
Zynex Target Price Odds to finish below 8.11
The tendency of Zynex 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 |
| 8.11 | 90 days | 8.11 | about 44.91 |
Based on a normal probability distribution, the odds of Zynex to move below current price in 90 days from now is about 44.91 (This Zynex Inc probability density function shows the probability of Zynex Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.02 . This usually means as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Zynex will likely underperform. Additionally Zynex Inc 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. Zynex Price Density |
| Price |
Predictive Modules for Zynex
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Zynex Inc. 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 Zynex's 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.
Zynex Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Zynex is not an exception. The market had few large corrections towards the Zynex'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 Zynex Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Zynex within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.09 | |
β | Beta against Dow Jones | 2.02 | |
σ | Overall volatility | 0.41 | |
Ir | Information ratio | 0 |
Zynex 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 Zynex for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Zynex Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Zynex Inc had very high historical volatility over the last 90 days | |
| Zynex Inc is unlikely to experience financial distress in the next 2 years | |
| About 51.0% of the company outstanding shares are owned by insiders | |
| Latest headline from MacroaxisInsider: Disposition of 2000 shares by Thomas Sandgaard of Zynex at 8.67 subject to Rule 16b-3 |
Zynex 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 Zynex Stock often depends not only on the future outlook of the current and potential Zynex'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. Zynex's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 36.1 M | |
| Cash And Short Term Investments | 44.6 M |
Zynex Technical Analysis
Zynex's future price can be derived by breaking down and analyzing its technical indicators over time. Zynex Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Zynex Inc. In general, you should focus on analyzing Zynex Stock price patterns and their correlations with different microeconomic environments and drivers.
Zynex Predictive Forecast Models
Zynex's time-series forecasting models is one of many Zynex'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 Zynex'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 Zynex Inc
Checking the ongoing alerts about Zynex for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Zynex Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Zynex Inc had very high historical volatility over the last 90 days | |
| Zynex Inc is unlikely to experience financial distress in the next 2 years | |
| About 51.0% of the company outstanding shares are owned by insiders | |
| Latest headline from MacroaxisInsider: Disposition of 2000 shares by Thomas Sandgaard of Zynex at 8.67 subject to Rule 16b-3 |
Check out Zynex Backtesting, Zynex Valuation, Zynex Correlation, Zynex Hype Analysis, Zynex Volatility, Zynex History as well as Zynex Performance. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
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 Zynex. If investors know Zynex 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 Zynex 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 (0.30) | Earnings Share 0.14 | Revenue Per Share 5.984 | Quarterly Revenue Growth 0.001 | Return On Assets 0.0399 |
The market value of Zynex Inc is measured differently than its book value, which is the value of Zynex that is recorded on the company's balance sheet. Investors also form their own opinion of Zynex's value that differs from its market value or its book value, called intrinsic value, which is Zynex'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 Zynex's market value can be influenced by many factors that don't directly affect Zynex'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 Zynex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zynex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zynex'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.