Elfun International Equity Fund Probability of Future Mutual Fund Price Finishing Under 24.12
| EGLBX Fund | USD 26.29 0.23 0.87% |
Elfun |
Elfun International Target Price Odds to finish below 24.12
The tendency of Elfun Mutual Fund 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 $ 24.12 or more in 90 days |
| 26.29 | 90 days | 24.12 | near 1 |
Based on a normal probability distribution, the odds of Elfun International to drop to $ 24.12 or more in 90 days from now is near 1 (This Elfun International Equity probability density function shows the probability of Elfun Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Elfun International price to stay between $ 24.12 and its current price of $26.29 at the end of the 90-day period is about 23.02 .
Assuming the 90 days horizon Elfun International has a beta of 0.4 suggesting as returns on the market go up, Elfun International average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Elfun International Equity will be expected to be much smaller as well. Additionally Elfun International Equity 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. Elfun International Price Density |
| Price |
Predictive Modules for Elfun International
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elfun International. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund 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.Elfun International Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Elfun International is not an exception. The market had few large corrections towards the Elfun International'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 Elfun International Equity, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Elfun International within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.07 | |
β | Beta against Dow Jones | 0.40 | |
σ | Overall volatility | 0.61 | |
Ir | Information ratio | -0.15 |
Elfun International 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 Elfun International for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Elfun International can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Elfun International generated a negative expected return over the last 90 days | |
| The fund retains 97.09% of its assets under management (AUM) in equities |
Elfun International Technical Analysis
Elfun International's future price can be derived by breaking down and analyzing its technical indicators over time. Elfun Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Elfun International Equity. In general, you should focus on analyzing Elfun Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Elfun International Predictive Forecast Models
Elfun International's time-series forecasting models is one of many Elfun International's mutual fund 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 Elfun International'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 mutual fund market movement and maximize returns from investment trading.
Things to note about Elfun International
Checking the ongoing alerts about Elfun International for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Elfun International help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Elfun International generated a negative expected return over the last 90 days | |
| The fund retains 97.09% of its assets under management (AUM) in equities |
Other Information on Investing in Elfun Mutual Fund
Elfun International financial ratios help investors to determine whether Elfun Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Elfun with respect to the benefits of owning Elfun International security.
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |