Chis Etf Chance of Future Etf Price Finishing Over 19.58
| CHIS Etf | USD 19.81 0.02 0.10% |
CHIS |
CHIS Target Price Odds to finish over 19.58
The tendency of CHIS 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 stay above $ 19.58 in 90 days |
| 19.81 | 90 days | 19.58 | about 76.75 |
Based on a normal probability distribution, the odds of CHIS to stay above $ 19.58 in 90 days from now is about 76.75 (This CHIS probability density function shows the probability of CHIS Etf to fall within a particular range of prices over 90 days) . Probability of CHIS price to stay between $ 19.58 and its current price of $19.81 at the end of the 90-day period is about 9.9 .
Given the investment horizon of 90 days CHIS has a beta of -0.0432 suggesting as returns on the benchmark increase, returns on holding CHIS are expected to decrease at a much lower rate. During a bear market, however, CHIS is likely to outperform the market. Additionally CHIS 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. CHIS Price Density |
| Price |
Predictive Modules for CHIS
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CHIS. 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.CHIS Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CHIS is not an exception. The market had few large corrections towards the CHIS'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 CHIS, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CHIS within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.15 | |
β | Beta against Dow Jones | -0.04 | |
σ | Overall volatility | 0.78 | |
Ir | Information ratio | -0.13 |
CHIS 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 CHIS for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CHIS can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| CHIS is not yet fully synchronised with the market data | |
| CHIS created five year return of 0.0% | |
| This fund holds 99.89% of its assets under management (AUM) in equities |
CHIS Technical Analysis
CHIS's future price can be derived by breaking down and analyzing its technical indicators over time. CHIS Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CHIS. In general, you should focus on analyzing CHIS Etf price patterns and their correlations with different microeconomic environments and drivers.
CHIS Predictive Forecast Models
CHIS's time-series forecasting models is one of many CHIS'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 CHIS'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 CHIS
Checking the ongoing alerts about CHIS for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CHIS help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CHIS is not yet fully synchronised with the market data | |
| CHIS created five year return of 0.0% | |
| This fund holds 99.89% 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 gross domestic product. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
The market value of CHIS is measured differently than its book value, which is the value of CHIS that is recorded on the company's balance sheet. Investors also form their own opinion of CHIS's value that differs from its market value or its book value, called intrinsic value, which is CHIS'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 CHIS's market value can be influenced by many factors that don't directly affect CHIS'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 CHIS's value and its price as these two are different measures arrived at by different means. Investors typically determine if CHIS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CHIS'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.