ZKB Gold (Switzerland) Odds of Future Etf Price Finishing Under 1000.0
| ZGLDHG Etf | GBP 1,229 4.20 0.34% |
ZKB |
ZKB Gold Target Price Odds to finish below 1000.0
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 drop to £ 1,000.00 or more in 90 days |
| 1,229 | 90 days | 1,000.00 | roughly 2.15 |
Based on a normal probability distribution, the odds of ZKB Gold to drop to £ 1,000.00 or more in 90 days from now is roughly 2.15 (This ZKB Gold ETF probability density function shows the probability of ZKB Etf to fall within a particular range of prices over 90 days) . Probability of ZKB Gold ETF price to stay between £ 1,000.00 and its current price of £1229.0 at the end of the 90-day period is about 88.31 .
Assuming the 90 days trading horizon ZKB Gold ETF has a beta of -0.35. 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 0.2289, implying that it can generate a 0.23 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 | 0.23 | |
β | Beta against NYSE Composite | -0.35 | |
σ | Overall volatility | 68.80 | |
Ir | Information ratio | 0.13 |
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 | 30 | |
| Average Daily Volume In Three Month | 35 |
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.
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 ZKB Gold 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, ZKB Gold's short interest history, or implied volatility extrapolated from ZKB Gold options trading.
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 Equity Valuation module to check real value of public entities based on technical and fundamental data.