Ashx Etf Chance of Future Etf Price Finishing Over 20.98
| ASHX Etf | USD 20.87 0.28 1.36% |
ASHX |
ASHX Target Price Odds to finish over 20.98
The tendency of ASHX 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 over $ 20.98 or more in 90 days |
| 20.87 | 90 days | 20.98 | about 63.4 |
Based on a normal probability distribution, the odds of ASHX to move over $ 20.98 or more in 90 days from now is about 63.4 (This ASHX probability density function shows the probability of ASHX Etf to fall within a particular range of prices over 90 days) . Probability of ASHX price to stay between its current price of $ 20.87 and $ 20.98 at the end of the 90-day period is about 5.5 .
Given the investment horizon of 90 days ASHX has a beta of 0.33. This suggests as returns on the market go up, ASHX average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ASHX will be expected to be much smaller as well. Additionally ASHX has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. ASHX Price Density |
| Price |
Predictive Modules for ASHX
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ASHX. 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.ASHX Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ASHX is not an exception. The market had few large corrections towards the ASHX'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 ASHX, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ASHX within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.18 | |
β | Beta against Dow Jones | 0.33 | |
σ | Overall volatility | 0.73 | |
Ir | Information ratio | -0.21 |
ASHX 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 ASHX for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ASHX can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ASHX is not yet fully synchronised with the market data | |
| ASHX created five year return of 0.0% | |
| This fund holds 99.68% of its assets under management (AUM) in equities |
ASHX 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 ASHX Etf often depends not only on the future outlook of the current and potential ASHX'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. ASHX's indicators that are reflective of the short sentiment are summarized in the table below.
ASHX Technical Analysis
ASHX's future price can be derived by breaking down and analyzing its technical indicators over time. ASHX Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ASHX. In general, you should focus on analyzing ASHX Etf price patterns and their correlations with different microeconomic environments and drivers.
ASHX Predictive Forecast Models
ASHX's time-series forecasting models is one of many ASHX'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 ASHX'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 ASHX
Checking the ongoing alerts about ASHX for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ASHX help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ASHX is not yet fully synchronised with the market data | |
| ASHX created five year return of 0.0% | |
| This fund holds 99.68% of its assets under management (AUM) in equities |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
The market value of ASHX is measured differently than its book value, which is the value of ASHX that is recorded on the company's balance sheet. Investors also form their own opinion of ASHX's value that differs from its market value or its book value, called intrinsic value, which is ASHX'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 ASHX's market value can be influenced by many factors that don't directly affect ASHX'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 ASHX's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASHX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASHX'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.