Zhende Medical (China) Probability of Future Stock Price Finishing Under 20.66
| 603301 Stock | 22.50 0.09 0.40% |
Zhende |
Zhende Medical Target Price Odds to finish below 20.66
The tendency of Zhende 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 20.66 or more in 90 days |
| 22.50 | 90 days | 20.66 | about 1.28 |
Based on a normal probability distribution, the odds of Zhende Medical to drop to 20.66 or more in 90 days from now is about 1.28 (This Zhende Medical Co probability density function shows the probability of Zhende Stock to fall within a particular range of prices over 90 days) . Probability of Zhende Medical price to stay between 20.66 and its current price of 22.5 at the end of the 90-day period is about 35.77 .
Assuming the 90 days trading horizon Zhende Medical Co has a beta of -0.13. This suggests as returns on the benchmark increase, returns on holding Zhende Medical are expected to decrease at a much lower rate. During a bear market, however, Zhende Medical Co is likely to outperform the market. Additionally Zhende Medical Co has an alpha of 0.2044, implying that it can generate a 0.2 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Zhende Medical Price Density |
| Price |
Predictive Modules for Zhende Medical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Zhende Medical. 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.Zhende Medical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Zhende Medical is not an exception. The market had few large corrections towards the Zhende Medical'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 Zhende Medical Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Zhende Medical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.20 | |
β | Beta against Dow Jones | -0.13 | |
σ | Overall volatility | 0.97 | |
Ir | Information ratio | 0.08 |
Zhende Medical 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 Zhende Medical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Zhende Medical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Zhende Medical generated a negative expected return over the last 90 days | |
| About 60.0% of the company shares are owned by insiders or employees |
Zhende Medical 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 Zhende Stock often depends not only on the future outlook of the current and potential Zhende Medical'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. Zhende Medical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 266.5 M |
Zhende Medical Technical Analysis
Zhende Medical's future price can be derived by breaking down and analyzing its technical indicators over time. Zhende Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Zhende Medical Co. In general, you should focus on analyzing Zhende Stock price patterns and their correlations with different microeconomic environments and drivers.
Zhende Medical Predictive Forecast Models
Zhende Medical's time-series forecasting models is one of many Zhende Medical'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 Zhende Medical'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 Zhende Medical
Checking the ongoing alerts about Zhende Medical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Zhende Medical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Zhende Medical generated a negative expected return over the last 90 days | |
| About 60.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Zhende Stock
Zhende Medical financial ratios help investors to determine whether Zhende 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 Zhende with respect to the benefits of owning Zhende Medical security.