ZKB Gold (Switzerland) Odds of Future Etf Price Finishing Over 1242.40
| ZGLDHE Etf | EUR 1,242 2.80 0.23% |
ZKB |
ZKB Gold Target Price Odds to finish over 1242.40
The tendency of ZKB Etf 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 above the current price in 90 days |
| 1,242 | 90 days | 1,242 | about 1.29 |
Based on a normal probability distribution, the odds of ZKB Gold to move above the current price in 90 days from now is about 1.29 (This ZKB Gold ETF probability density function shows the probability of ZKB Etf to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon ZKB Gold ETF has a beta of -0.0082. This usually means as returns on the benchmark increase, returns on holding ZKB Gold are expected to decrease at a much lower rate. During a bear market, however, ZKB Gold ETF is likely to outperform the market. Additionally ZKB Gold ETF has an alpha of 0.2178, implying that it can generate a 0.22 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). ZKB Gold Price Density |
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Predictive Modules for ZKB Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ZKB Gold ETF. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf 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 ZKB Gold'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.
ZKB Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ZKB Gold is not an exception. The market had few large corrections towards the ZKB Gold'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 ZKB Gold ETF, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ZKB Gold within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.22 | |
β | Beta against NYSE Composite | -0.0082 | |
σ | Overall volatility | 61.20 | |
Ir | Information ratio | 0.21 |
ZKB Gold 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 ZKB Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ZKB Gold ETF can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ZKB Gold ETF generated five year return of -3.0% |
ZKB Gold 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 ZKB Etf often depends not only on the future outlook of the current and potential ZKB Gold'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. ZKB Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Average Daily Volume Last 10 Day | 1.26k | |
| Average Daily Volume In Three Month | 669 |
ZKB Gold Technical Analysis
ZKB Gold's future price can be derived by breaking down and analyzing its technical indicators over time. ZKB Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ZKB Gold ETF. In general, you should focus on analyzing ZKB Etf price patterns and their correlations with different microeconomic environments and drivers.
ZKB Gold Predictive Forecast Models
ZKB Gold's time-series forecasting models is one of many ZKB Gold's etf 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 ZKB Gold'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 etf market movement and maximize returns from investment trading.
Things to note about ZKB Gold ETF
Checking the ongoing alerts about ZKB Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ZKB Gold ETF help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ZKB Gold ETF generated five year return of -3.0% |
Check out ZKB Gold Backtesting, Portfolio Optimization, ZKB Gold Correlation, ZKB Gold Hype Analysis, ZKB Gold Volatility, ZKB Gold History as well as ZKB Gold Performance. Note that the ZKB Gold ETF information on this page should be used as a complementary analysis to other ZKB Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Please note, there is a significant difference between ZKB Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if ZKB Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZKB Gold'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.