Ellington Income Opportunities Fund Probability of Future Mutual Fund Price Finishing Over 8.63
| EIOMX Fund | USD 8.81 0.02 0.23% |
Ellington |
Ellington Income Target Price Odds to finish over 8.63
The tendency of Ellington 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 stay above $ 8.63 in 90 days |
| 8.81 | 90 days | 8.63 | about 85.77 |
Based on a normal probability distribution, the odds of Ellington Income to stay above $ 8.63 in 90 days from now is about 85.77 (This Ellington Income Opportunities probability density function shows the probability of Ellington Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Ellington Income Opp price to stay between $ 8.63 and its current price of $8.81 at the end of the 90-day period is about 71.54 .
Assuming the 90 days horizon Ellington Income has a beta of 0.0193 suggesting as returns on the market go up, Ellington Income average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ellington Income Opportunities will be expected to be much smaller as well. Additionally Ellington Income Opportunities has an alpha of 0.0294, implying that it can generate a 0.0294 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Ellington Income Price Density |
| Price |
Predictive Modules for Ellington Income
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ellington Income Opp. 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.Ellington Income Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ellington Income is not an exception. The market had few large corrections towards the Ellington Income'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 Ellington Income Opportunities, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ellington Income within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.03 | |
β | Beta against Dow Jones | 0.02 | |
σ | Overall volatility | 0.08 | |
Ir | Information ratio | 1.44 |
Ellington Income Technical Analysis
Ellington Income's future price can be derived by breaking down and analyzing its technical indicators over time. Ellington Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ellington Income Opportunities. In general, you should focus on analyzing Ellington Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Ellington Income Predictive Forecast Models
Ellington Income's time-series forecasting models is one of many Ellington Income'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 Ellington Income'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.
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 Ellington Income 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, Ellington Income's short interest history, or implied volatility extrapolated from Ellington Income options trading.
Other Information on Investing in Ellington Mutual Fund
Ellington Income financial ratios help investors to determine whether Ellington 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 Ellington with respect to the benefits of owning Ellington Income security.
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