MTrack Energy (Thailand) Probability of Future Etf Price Finishing Under 4.85
| ENGY Etf | THB 4.41 0.06 1.34% |
MTrack |
MTrack Energy Target Price Odds to finish below 4.85
The tendency of MTrack 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 under 4.85 after 90 days |
| 4.41 | 90 days | 4.85 | about 57.57 |
Based on a normal probability distribution, the odds of MTrack Energy to stay under 4.85 after 90 days from now is about 57.57 (This MTrack Energy ETF probability density function shows the probability of MTrack Etf to fall within a particular range of prices over 90 days) . Probability of MTrack Energy ETF price to stay between its current price of 4.41 and 4.85 at the end of the 90-day period is about 57.6 .
Assuming the 90 days trading horizon MTrack Energy has a beta of 0.18 suggesting as returns on the market go up, MTrack Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding MTrack Energy ETF will be expected to be much smaller as well. Additionally MTrack Energy ETF 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. MTrack Energy Price Density |
| Price |
Predictive Modules for MTrack Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MTrack Energy ETF. 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.MTrack Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MTrack Energy is not an exception. The market had few large corrections towards the MTrack Energy'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 MTrack Energy ETF, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MTrack Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.17 | |
β | Beta against Dow Jones | 0.18 | |
σ | Overall volatility | 0.15 | |
Ir | Information ratio | -0.19 |
MTrack Energy 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 MTrack Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MTrack Energy ETF can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| MTrack Energy ETF generated a negative expected return over the last 90 days | |
| The fund retains 96.35% of its assets under management (AUM) in equities |
MTrack Energy Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of MTrack Etf often depends not only on the future outlook of the current and potential MTrack Energy's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. MTrack Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Average Daily Volume Last 10 Day | 1.08k | |
| Average Daily Volume In Three Month | 1.83k |
MTrack Energy Technical Analysis
MTrack Energy's future price can be derived by breaking down and analyzing its technical indicators over time. MTrack Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MTrack Energy ETF. In general, you should focus on analyzing MTrack Etf price patterns and their correlations with different microeconomic environments and drivers.
MTrack Energy Predictive Forecast Models
MTrack Energy's time-series forecasting models is one of many MTrack Energy'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 MTrack Energy'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 MTrack Energy ETF
Checking the ongoing alerts about MTrack Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MTrack Energy ETF help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| MTrack Energy ETF generated a negative expected return over the last 90 days | |
| The fund retains 96.35% of its assets under management (AUM) in equities |
Other Information on Investing in MTrack Etf
MTrack Energy financial ratios help investors to determine whether MTrack Etf 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 MTrack with respect to the benefits of owning MTrack Energy security.