Spdr Galaxy Digital Etf Probability of Future Etf Price Finishing Under 28.67
| DECO Etf | 36.07 0.92 2.62% |
SPDR |
SPDR Galaxy Target Price Odds to finish below 28.67
The tendency of SPDR 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 28.67 or more in 90 days |
| 36.07 | 90 days | 28.67 | about 11.42 |
Based on a normal probability distribution, the odds of SPDR Galaxy to drop to 28.67 or more in 90 days from now is about 11.42 (This SPDR Galaxy Digital probability density function shows the probability of SPDR Etf to fall within a particular range of prices over 90 days) . Probability of SPDR Galaxy Digital price to stay between 28.67 and its current price of 36.07 at the end of the 90-day period is about 56.15 .
Given the investment horizon of 90 days the etf has the beta coefficient of 2.72 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, SPDR Galaxy will likely underperform. Additionally SPDR Galaxy Digital has an alpha of 0.4185, implying that it can generate a 0.42 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). SPDR Galaxy Price Density |
| Price |
Predictive Modules for SPDR Galaxy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SPDR Galaxy Digital. 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 SPDR Galaxy'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.
SPDR Galaxy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. SPDR Galaxy is not an exception. The market had few large corrections towards the SPDR Galaxy'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 SPDR Galaxy Digital, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SPDR Galaxy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.42 | |
β | Beta against Dow Jones | 2.72 | |
σ | Overall volatility | 4.46 | |
Ir | Information ratio | 0.13 |
SPDR Galaxy 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 SPDR Galaxy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for SPDR Galaxy Digital can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| SPDR Galaxy Digital had very high historical volatility over the last 90 days |
SPDR Galaxy Technical Analysis
SPDR Galaxy's future price can be derived by breaking down and analyzing its technical indicators over time. SPDR Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SPDR Galaxy Digital. In general, you should focus on analyzing SPDR Etf price patterns and their correlations with different microeconomic environments and drivers.
SPDR Galaxy Predictive Forecast Models
SPDR Galaxy's time-series forecasting models is one of many SPDR Galaxy'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 SPDR Galaxy'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 SPDR Galaxy Digital
Checking the ongoing alerts about SPDR Galaxy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SPDR Galaxy Digital help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| SPDR Galaxy Digital had very high historical volatility over the last 90 days |
Check out SPDR Galaxy Backtesting, Portfolio Optimization, SPDR Galaxy Correlation, SPDR Galaxy Hype Analysis, SPDR Galaxy Volatility, SPDR Galaxy History as well as SPDR Galaxy Performance. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
The market value of SPDR Galaxy Digital is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR Galaxy's value that differs from its market value or its book value, called intrinsic value, which is SPDR Galaxy'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 SPDR Galaxy's market value can be influenced by many factors that don't directly affect SPDR Galaxy'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 SPDR Galaxy's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Galaxy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Galaxy'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.