ZK International Stock Forecast - Daily Balance Of Power

ZKIN Stock  USD 0.79  0.04  5.20%   
ZKIN Stock Forecast is based on your current time horizon. Although ZK International's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of ZK International's systematic risk associated with finding meaningful patterns of ZK International fundamentals over time.
  
At this time, ZK International's Receivables Turnover is very stable compared to the past year. As of the 13th of December 2024, Asset Turnover is likely to grow to 1.80, while Inventory Turnover is likely to drop 3.07. . As of the 13th of December 2024, Common Stock Shares Outstanding is likely to drop to about 20.8 M. In addition to that, Net Loss is likely to grow to about (5.2 M).
On October 4, 2023 ZK International Group had Daily Balance Of Power of (0.57). Balance of Power indicator (or BOP) measures the strength of ZK International Group market sensitivity to bulls and bears. It estimates the ability of ZK International buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring ZK International Balance of Power indicator one can determine a trend of the price direction.
Check ZK International VolatilityBacktest ZK InternationalTrend Details  

ZK International Trading Date Momentum

On October 05 2023 ZK International Group was traded for  0.60  at the closing time. The top price for the day was 0.63  and the lowest listed price was  0.57 . The trading volume for the day was 12.6 K. The trading history from October 5, 2023 was a factor to the next trading day price decrease. The trading date delta against the next closing price was 3.23% . The trading date delta against the current closing price is 1.61% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for ZK International

For every potential investor in ZKIN, whether a beginner or expert, ZK International's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ZKIN Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ZKIN. Basic forecasting techniques help filter out the noise by identifying ZK International's price trends.

ZK International Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ZK International stock to make a market-neutral strategy. Peer analysis of ZK International could also be used in its relative valuation, which is a method of valuing ZK International by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

ZK International Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of ZK International's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of ZK International's current price.

ZK International Market Strength Events

Market strength indicators help investors to evaluate how ZK International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ZK International shares will generate the highest return on investment. By undertsting and applying ZK International stock market strength indicators, traders can identify ZK International Group entry and exit signals to maximize returns.

ZK International Risk Indicators

The analysis of ZK International's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in ZK International's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting zkin stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Pair Trading with ZK International

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ZK International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ZK International will appreciate offsetting losses from the drop in the long position's value.

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The ability to find closely correlated positions to ZK International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ZK International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ZK International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ZK International Group to buy it.
The correlation of ZK International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ZK International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ZK International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ZK International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether ZK International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ZK International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Zk International Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Zk International Group Stock:
Check out Historical Fundamental Analysis of ZK International to cross-verify your projections.
You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ZK International. If investors know ZKIN will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ZK International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.98)
Earnings Share
(1.95)
Revenue Per Share
3.592
Quarterly Revenue Growth
0.065
Return On Assets
(0.05)
The market value of ZK International is measured differently than its book value, which is the value of ZKIN that is recorded on the company's balance sheet. Investors also form their own opinion of ZK International's value that differs from its market value or its book value, called intrinsic value, which is ZK International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ZK International's market value can be influenced by many factors that don't directly affect ZK International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ZK International's value and its price as these two are different measures arrived at by different means. Investors typically determine if ZK International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZK International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.