Legal General (Germany) Probability of Future Etf Price Finishing Under 20.13
| DELG Etf | 20.54 0.04 0.20% |
Legal |
Legal General Target Price Odds to finish below 20.13
The tendency of Legal 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 20.13 or more in 90 days |
| 20.54 | 90 days | 20.13 | about 80.24 |
Based on a normal probability distribution, the odds of Legal General to drop to 20.13 or more in 90 days from now is about 80.24 (This Legal General Ucits probability density function shows the probability of Legal Etf to fall within a particular range of prices over 90 days) . Probability of Legal General Ucits price to stay between 20.13 and its current price of 20.54 at the end of the 90-day period is about 10.64 .
Assuming the 90 days trading horizon Legal General Ucits has a beta of -0.0643 suggesting as returns on the benchmark increase, returns on holding Legal General are expected to decrease at a much lower rate. During a bear market, however, Legal General Ucits is likely to outperform the market. Additionally Legal General Ucits has an alpha of 0.1826, implying that it can generate a 0.18 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Legal General Price Density |
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Predictive Modules for Legal General
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Legal General Ucits. 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as Legal General. Your research has to be compared to or analyzed against Legal General's peers to derive any actionable benefits. When done correctly, Legal General's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Legal General Ucits.Legal General Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Legal General is not an exception. The market had few large corrections towards the Legal General'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 Legal General Ucits, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Legal General within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.18 | |
β | Beta against Dow Jones | -0.06 | |
σ | Overall volatility | 0.84 | |
Ir | Information ratio | 0.17 |
Legal General Technical Analysis
Legal General's future price can be derived by breaking down and analyzing its technical indicators over time. Legal Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Legal General Ucits. In general, you should focus on analyzing Legal Etf price patterns and their correlations with different microeconomic environments and drivers.
Legal General Predictive Forecast Models
Legal General's time-series forecasting models is one of many Legal General'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 Legal General'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 Legal General 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, Legal General's short interest history, or implied volatility extrapolated from Legal General options trading.