Zenith Minerals (Australia) Probability of Future Stock Price Finishing Under 0.0389
| ZNC Stock | 0.04 0 2.44% |
Zenith |
Zenith Minerals Target Price Odds to finish below 0.0389
The tendency of Zenith 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 0.04 or more in 90 days |
| 0.04 | 90 days | 0.04 | about 7.53 |
Based on a normal probability distribution, the odds of Zenith Minerals to drop to 0.04 or more in 90 days from now is about 7.53 (This Zenith Minerals probability density function shows the probability of Zenith Stock to fall within a particular range of prices over 90 days) . Probability of Zenith Minerals price to stay between 0.04 and its current price of 0.04 at the end of the 90-day period is nearly 4.78 .
Assuming the 90 days trading horizon Zenith Minerals has a beta of -0.94. This usually means Additionally Zenith Minerals 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. Zenith Minerals Price Density |
| Price |
Predictive Modules for Zenith Minerals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Zenith Minerals. 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.Zenith Minerals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Zenith Minerals is not an exception. The market had few large corrections towards the Zenith Minerals' 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 Zenith Minerals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Zenith Minerals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | -0.94 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -0.0059 |
Zenith Minerals 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 Zenith Minerals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Zenith Minerals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Zenith Minerals generated a negative expected return over the last 90 days | |
| Zenith Minerals has some characteristics of a very speculative penny stock | |
| Zenith Minerals has high historical volatility and very poor performance | |
| The company reported the revenue of 668.32 K. Net Loss for the year was (4.47 M) with profit before overhead, payroll, taxes, and interest of 1.7 M. | |
| Zenith Minerals generates negative cash flow from operations | |
| About 24.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Zenith Minerals Reports 40 percent Gold Resource Boost - TipRanks |
Zenith Minerals 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 Zenith Stock often depends not only on the future outlook of the current and potential Zenith Minerals' 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. Zenith Minerals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 352.4 M | |
| Cash And Short Term Investments | 2.9 M |
Zenith Minerals Technical Analysis
Zenith Minerals' future price can be derived by breaking down and analyzing its technical indicators over time. Zenith Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Zenith Minerals. In general, you should focus on analyzing Zenith Stock price patterns and their correlations with different microeconomic environments and drivers.
Zenith Minerals Predictive Forecast Models
Zenith Minerals' time-series forecasting models is one of many Zenith Minerals' 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 Zenith Minerals' 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 Zenith Minerals
Checking the ongoing alerts about Zenith Minerals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Zenith Minerals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Zenith Minerals generated a negative expected return over the last 90 days | |
| Zenith Minerals has some characteristics of a very speculative penny stock | |
| Zenith Minerals has high historical volatility and very poor performance | |
| The company reported the revenue of 668.32 K. Net Loss for the year was (4.47 M) with profit before overhead, payroll, taxes, and interest of 1.7 M. | |
| Zenith Minerals generates negative cash flow from operations | |
| About 24.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Zenith Minerals Reports 40 percent Gold Resource Boost - TipRanks |
Additional Tools for Zenith Stock Analysis
When running Zenith Minerals' price analysis, check to measure Zenith Minerals' 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 Zenith Minerals is operating at the current time. Most of Zenith Minerals' value examination focuses on studying past and present price action to predict the probability of Zenith Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zenith Minerals' price. Additionally, you may evaluate how the addition of Zenith Minerals to your portfolios can decrease your overall portfolio volatility.