BJs Restaurants (Germany) Probability of Future Stock Price Finishing Over 33.0
| ZCG Stock | 34.60 1.00 2.81% |
BJs |
BJs Restaurants Target Price Odds to finish over 33.0
The tendency of BJs 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 above 33.00 in 90 days |
| 34.60 | 90 days | 33.00 | about 26.81 |
Based on a normal probability distribution, the odds of BJs Restaurants to stay above 33.00 in 90 days from now is about 26.81 (This BJs Restaurants probability density function shows the probability of BJs Stock to fall within a particular range of prices over 90 days) . Probability of BJs Restaurants price to stay between 33.00 and its current price of 34.6 at the end of the 90-day period is about 15.19 .
Assuming the 90 days trading horizon BJs Restaurants has a beta of 0.31. This usually means as returns on the market go up, BJs Restaurants average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding BJs Restaurants will be expected to be much smaller as well. Additionally BJs Restaurants has an alpha of 0.3773, implying that it can generate a 0.38 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). BJs Restaurants Price Density |
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Predictive Modules for BJs Restaurants
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BJs Restaurants. 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 BJs Restaurants' 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.
BJs Restaurants Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. BJs Restaurants is not an exception. The market had few large corrections towards the BJs Restaurants' 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 BJs Restaurants, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of BJs Restaurants within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.38 | |
β | Beta against Dow Jones | 0.31 | |
σ | Overall volatility | 2.78 | |
Ir | Information ratio | 0.12 |
BJs Restaurants 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 BJs Stock often depends not only on the future outlook of the current and potential BJs Restaurants' 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. BJs Restaurants' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 23.4 M | |
| Dividend Yield | 0.009 |
BJs Restaurants Technical Analysis
BJs Restaurants' future price can be derived by breaking down and analyzing its technical indicators over time. BJs Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of BJs Restaurants. In general, you should focus on analyzing BJs Stock price patterns and their correlations with different microeconomic environments and drivers.
BJs Restaurants Predictive Forecast Models
BJs Restaurants' time-series forecasting models is one of many BJs Restaurants' 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 BJs Restaurants' 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards BJs Restaurants in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, BJs Restaurants' short interest history, or implied volatility extrapolated from BJs Restaurants options trading.
Additional Tools for BJs Stock Analysis
When running BJs Restaurants' price analysis, check to measure BJs Restaurants' 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 BJs Restaurants is operating at the current time. Most of BJs Restaurants' value examination focuses on studying past and present price action to predict the probability of BJs Restaurants' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BJs Restaurants' price. Additionally, you may evaluate how the addition of BJs Restaurants to your portfolios can decrease your overall portfolio volatility.