Zimmer Biomet Holdings Stock Probability of Future Stock Price Finishing Over 149.38
| ZBH Stock | USD 119.33 1.97 1.62% |
Closest to current price Zimmer long CALL Option Payoff at Expiration
Zimmer |
Zimmer Biomet Target Price Odds to finish over 149.38
The tendency of Zimmer 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 $ 149.38 or more in 90 days |
| 119.33 | 90 days | 149.38 | near 1 |
Based on a normal probability distribution, the odds of Zimmer Biomet to move over $ 149.38 or more in 90 days from now is near 1 (This Zimmer Biomet Holdings probability density function shows the probability of Zimmer Stock to fall within a particular range of prices over 90 days) . Probability of Zimmer Biomet Holdings price to stay between its current price of $ 119.33 and $ 149.38 at the end of the 90-day period is about 99.0 .
Considering the 90-day investment horizon Zimmer Biomet has a beta of 0.97. This usually means Zimmer Biomet Holdings market returns are responsive to returns on the market. As the market goes up or down, Zimmer Biomet is expected to follow. Additionally Zimmer Biomet Holdings has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Zimmer Biomet Price Density |
| Price |
Predictive Modules for Zimmer Biomet
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Zimmer Biomet Holdings. 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 Zimmer Biomet'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.
Zimmer Biomet Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Zimmer Biomet is not an exception. The market had few large corrections towards the Zimmer Biomet'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 Zimmer Biomet Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Zimmer Biomet within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.06 | |
β | Beta against NYSE Composite | 0.97 | |
σ | Overall volatility | 2.69 | |
Ir | Information ratio | -0.05 |
Zimmer Biomet 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 Zimmer Biomet for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Zimmer Biomet Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Zimmer Biomet generated a negative expected return over the last 90 days | |
| Zimmer Biomet has a strong financial position based on the latest SEC filings | |
| Over 91.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from simplywall.st: Zimmer Biomet Holdings NYSEZBH investor three-year losses grow to 26 percent as the stock sheds US1.5b this past week |
Zimmer Biomet 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 Zimmer Stock often depends not only on the future outlook of the current and potential Zimmer Biomet'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. Zimmer Biomet's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 209.7 M | |
| Cash And Short Term Investments | 415.8 M |
Zimmer Biomet Technical Analysis
Zimmer Biomet's future price can be derived by breaking down and analyzing its technical indicators over time. Zimmer Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Zimmer Biomet Holdings. In general, you should focus on analyzing Zimmer Stock price patterns and their correlations with different microeconomic environments and drivers.
Zimmer Biomet Predictive Forecast Models
Zimmer Biomet's time-series forecasting models is one of many Zimmer Biomet'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 Zimmer Biomet'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 Zimmer Biomet Holdings
Checking the ongoing alerts about Zimmer Biomet for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Zimmer Biomet Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Zimmer Biomet generated a negative expected return over the last 90 days | |
| Zimmer Biomet has a strong financial position based on the latest SEC filings | |
| Over 91.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from simplywall.st: Zimmer Biomet Holdings NYSEZBH investor three-year losses grow to 26 percent as the stock sheds US1.5b this past week |
Check out Zimmer Biomet Backtesting, Zimmer Biomet Valuation, Zimmer Biomet Correlation, Zimmer Biomet Hype Analysis, Zimmer Biomet Volatility, Zimmer Biomet History as well as Zimmer Biomet Performance. Note that the Zimmer Biomet Holdings information on this page should be used as a complementary analysis to other Zimmer Biomet'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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Zimmer Stock analysis
When running Zimmer Biomet's price analysis, check to measure Zimmer Biomet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Zimmer Biomet is operating at the current time. Most of Zimmer Biomet's value examination focuses on studying past and present price action to predict the probability of Zimmer Biomet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zimmer Biomet's price. Additionally, you may evaluate how the addition of Zimmer Biomet to your portfolios can decrease your overall portfolio volatility.
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world |
Is Zimmer Biomet's industry 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 Zimmer Biomet. If investors know Zimmer 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 Zimmer Biomet 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 (0.16) | Dividend Share 0.96 | Earnings Share 4.88 | Revenue Per Share 35.43 | Quarterly Revenue Growth 0.063 |
The market value of Zimmer Biomet Holdings is measured differently than its book value, which is the value of Zimmer that is recorded on the company's balance sheet. Investors also form their own opinion of Zimmer Biomet's value that differs from its market value or its book value, called intrinsic value, which is Zimmer Biomet'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 Zimmer Biomet's market value can be influenced by many factors that don't directly affect Zimmer Biomet'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 Zimmer Biomet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zimmer Biomet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zimmer Biomet'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.