Ziga Innovation (Thailand) Probability of Future Stock Price Finishing Over 1.96
| ZIGA Stock | THB 1.75 0.01 0.57% |
Ziga |
Ziga Innovation Target Price Odds to finish over 1.96
The tendency of Ziga 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 over 1.96 or more in 90 days |
| 1.75 | 90 days | 1.96 | about 46.68 |
Based on a normal probability distribution, the odds of Ziga Innovation to move over 1.96 or more in 90 days from now is about 46.68 (This Ziga Innovation Public probability density function shows the probability of Ziga Stock to fall within a particular range of prices over 90 days) . Probability of Ziga Innovation Public price to stay between its current price of 1.75 and 1.96 at the end of the 90-day period is about 48.53 .
Assuming the 90 days trading horizon Ziga Innovation has a beta of 0.48. This usually means as returns on the market go up, Ziga Innovation average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ziga Innovation Public will be expected to be much smaller as well. Additionally Ziga Innovation Public 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. Ziga Innovation Price Density |
| Price |
Predictive Modules for Ziga Innovation
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ziga Innovation Public. 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.Ziga Innovation Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ziga Innovation is not an exception. The market had few large corrections towards the Ziga Innovation'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 Ziga Innovation Public, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ziga Innovation within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | 0.48 | |
σ | Overall volatility | 0.12 | |
Ir | Information ratio | -0.05 |
Ziga Innovation 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 Ziga Innovation for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ziga Innovation Public can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ziga Innovation generated a negative expected return over the last 90 days | |
| Ziga Innovation may become a speculative penny stock | |
| Ziga Innovation Public has accumulated about 138.63 M in cash with (55.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.27. | |
| Roughly 47.0% of the company outstanding shares are owned by insiders |
Ziga Innovation 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 Ziga Stock often depends not only on the future outlook of the current and potential Ziga Innovation'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. Ziga Innovation's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 612.9 M |
Ziga Innovation Technical Analysis
Ziga Innovation's future price can be derived by breaking down and analyzing its technical indicators over time. Ziga Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ziga Innovation Public. In general, you should focus on analyzing Ziga Stock price patterns and their correlations with different microeconomic environments and drivers.
Ziga Innovation Predictive Forecast Models
Ziga Innovation's time-series forecasting models is one of many Ziga Innovation'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 Ziga Innovation'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 Ziga Innovation Public
Checking the ongoing alerts about Ziga Innovation for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ziga Innovation Public help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ziga Innovation generated a negative expected return over the last 90 days | |
| Ziga Innovation may become a speculative penny stock | |
| Ziga Innovation Public has accumulated about 138.63 M in cash with (55.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.27. | |
| Roughly 47.0% of the company outstanding shares are owned by insiders |
Other Information on Investing in Ziga Stock
Ziga Innovation financial ratios help investors to determine whether Ziga 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 Ziga with respect to the benefits of owning Ziga Innovation security.