Zijin Mining (China) Probability of Future Stock Price Finishing Under 13.51

601899 Stock   15.63  0.12  0.77%   
Zijin Mining's future price is the expected price of Zijin Mining instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Zijin Mining Group performance during a given time horizon utilizing its historical volatility. Check out Zijin Mining Backtesting, Zijin Mining Valuation, Zijin Mining Correlation, Zijin Mining Hype Analysis, Zijin Mining Volatility, Zijin Mining History as well as Zijin Mining Performance.
  
Please specify Zijin Mining's target price for which you would like Zijin Mining odds to be computed.

Zijin Mining Target Price Odds to finish below 13.51

The tendency of Zijin 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 PriceHorizonTarget PriceOdds to drop to  13.51  or more in 90 days
 15.63 90 days 13.51 
near 1
Based on a normal probability distribution, the odds of Zijin Mining to drop to  13.51  or more in 90 days from now is near 1 (This Zijin Mining Group probability density function shows the probability of Zijin Stock to fall within a particular range of prices over 90 days) . Probability of Zijin Mining Group price to stay between  13.51  and its current price of 15.63 at the end of the 90-day period is about 19.39 .
Assuming the 90 days trading horizon Zijin Mining Group has a beta of -0.26. This suggests as returns on the benchmark increase, returns on holding Zijin Mining are expected to decrease at a much lower rate. During a bear market, however, Zijin Mining Group is likely to outperform the market. Additionally Zijin Mining Group has an alpha of 0.1152, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   Zijin Mining Price Density   
       Price  

Predictive Modules for Zijin Mining

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Zijin Mining Group. 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.
Hype
Prediction
LowEstimatedHigh
13.6415.6117.58
Details
Intrinsic
Valuation
LowRealHigh
11.5713.5417.19
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Zijin Mining. Your research has to be compared to or analyzed against Zijin Mining's peers to derive any actionable benefits. When done correctly, Zijin Mining's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Zijin Mining Group.

Zijin Mining Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Zijin Mining is not an exception. The market had few large corrections towards the Zijin Mining'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 Zijin Mining Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Zijin Mining within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.12
β
Beta against Dow Jones-0.26
σ
Overall volatility
0.93
Ir
Information ratio 0.03

Zijin Mining 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 Zijin Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Zijin Mining Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Zijin Mining Group generated a negative expected return over the last 90 days
About 33.0% of the company shares are owned by insiders or employees
Latest headline from news.google.com: Zijin Mining Groups earnings growth rate lags the 37 percent CAGR delivered to shareholders - Simply Wall St

Zijin Mining 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 Zijin Stock often depends not only on the future outlook of the current and potential Zijin Mining'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. Zijin Mining's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding26.3 B

Zijin Mining Technical Analysis

Zijin Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Zijin Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Zijin Mining Group. In general, you should focus on analyzing Zijin Stock price patterns and their correlations with different microeconomic environments and drivers.

Zijin Mining Predictive Forecast Models

Zijin Mining's time-series forecasting models is one of many Zijin Mining'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 Zijin Mining'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 Zijin Mining Group

Checking the ongoing alerts about Zijin Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Zijin Mining Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Zijin Mining Group generated a negative expected return over the last 90 days
About 33.0% of the company shares are owned by insiders or employees
Latest headline from news.google.com: Zijin Mining Groups earnings growth rate lags the 37 percent CAGR delivered to shareholders - Simply Wall St

Other Information on Investing in Zijin Stock

Zijin Mining financial ratios help investors to determine whether Zijin Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Zijin with respect to the benefits of owning Zijin Mining security.