Zhongchao Stock Probability of Future Stock Price Finishing Over 1.58
| ZCMD Stock | USD 1.20 0.02 1.69% |
Zhongchao |
Zhongchao Target Price Odds to finish over 1.58
The tendency of Zhongchao 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 $ 1.58 or more in 90 days |
| 1.20 | 90 days | 1.58 | about 29.12 |
Based on a normal probability distribution, the odds of Zhongchao to move over $ 1.58 or more in 90 days from now is about 29.12 (This Zhongchao probability density function shows the probability of Zhongchao Stock to fall within a particular range of prices over 90 days) . Probability of Zhongchao price to stay between its current price of $ 1.20 and $ 1.58 at the end of the 90-day period is about 62.03 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.8 . This usually means as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Zhongchao will likely underperform. Additionally Zhongchao has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Zhongchao Price Density |
| Price |
Predictive Modules for Zhongchao
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Zhongchao. 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 Zhongchao's 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.
Zhongchao Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Zhongchao is not an exception. The market had few large corrections towards the Zhongchao'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 Zhongchao, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Zhongchao within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.07 | |
β | Beta against NYSE Composite | 1.80 | |
σ | Overall volatility | 0.20 | |
Ir | Information ratio | -0.0088 |
Zhongchao 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 Zhongchao for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Zhongchao can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Zhongchao generated a negative expected return over the last 90 days | |
| Zhongchao has high historical volatility and very poor performance | |
| Zhongchao may become a speculative penny stock | |
| The company reported the previous year's revenue of 19.43 M. Net Loss for the year was (11.34 M) with profit before overhead, payroll, taxes, and interest of 9.44 M. | |
| About 14.0% of the company outstanding shares are owned by insiders |
Zhongchao 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 Zhongchao Stock often depends not only on the future outlook of the current and potential Zhongchao'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. Zhongchao's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.6 M | |
| Cash And Short Term Investments | 13.4 M | |
| Shares Float | 1.5 M |
Zhongchao Technical Analysis
Zhongchao's future price can be derived by breaking down and analyzing its technical indicators over time. Zhongchao Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Zhongchao. In general, you should focus on analyzing Zhongchao Stock price patterns and their correlations with different microeconomic environments and drivers.
Zhongchao Predictive Forecast Models
Zhongchao's time-series forecasting models is one of many Zhongchao'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 Zhongchao'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 Zhongchao
Checking the ongoing alerts about Zhongchao for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Zhongchao help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Zhongchao generated a negative expected return over the last 90 days | |
| Zhongchao has high historical volatility and very poor performance | |
| Zhongchao may become a speculative penny stock | |
| The company reported the previous year's revenue of 19.43 M. Net Loss for the year was (11.34 M) with profit before overhead, payroll, taxes, and interest of 9.44 M. | |
| About 14.0% of the company outstanding shares are owned by insiders |
Additional Information and Resources on Investing in Zhongchao Stock
When determining whether Zhongchao is a strong investment it is important to analyze Zhongchao's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Zhongchao's future performance. For an informed investment choice regarding Zhongchao Stock, refer to the following important reports:Check out Zhongchao Backtesting, Zhongchao Valuation, Zhongchao Correlation, Zhongchao Hype Analysis, Zhongchao Volatility, Zhongchao History as well as Zhongchao Performance. For information on how to trade Zhongchao Stock refer to our How to Trade Zhongchao Stock guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Personal Services 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 Zhongchao. If investors know Zhongchao 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 Zhongchao listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Zhongchao is measured differently than its book value, which is the value of Zhongchao that is recorded on the company's balance sheet. Investors also form their own opinion of Zhongchao's value that differs from its market value or its book value, called intrinsic value, which is Zhongchao'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 Zhongchao's market value can be influenced by many factors that don't directly affect Zhongchao'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 Zhongchao's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zhongchao is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zhongchao'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.