Needham Growth Fund Probability of Future Mutual Fund Price Finishing Under 64.03
| NEEGX Fund | USD 63.96 0.52 0.81% |
Needham |
Needham Growth Target Price Odds to finish below 64.03
The tendency of Needham 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 under $ 64.03 after 90 days |
| 63.96 | 90 days | 64.03 | about 23.27 |
Based on a normal probability distribution, the odds of Needham Growth to stay under $ 64.03 after 90 days from now is about 23.27 (This Needham Growth Fund probability density function shows the probability of Needham Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Needham Growth price to stay between its current price of $ 63.96 and $ 64.03 at the end of the 90-day period is near 1 .
Assuming the 90 days horizon Needham Growth has a beta of 0.27. This indicates as returns on the market go up, Needham Growth average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Needham Growth Fund will be expected to be much smaller as well. Additionally Needham Growth Fund 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. Needham Growth Price Density |
| Price |
Predictive Modules for Needham Growth
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Needham Growth. 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.Needham Growth Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Needham Growth is not an exception. The market had few large corrections towards the Needham Growth'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 Needham Growth Fund, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Needham Growth within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | 0.27 | |
σ | Overall volatility | 2.19 | |
Ir | Information ratio | -0.04 |
Needham Growth 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 Needham Growth for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Needham Growth can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Needham Growth generated a negative expected return over the last 90 days | |
| The fund maintains about 11.35% of its assets in cash |
Needham Growth Technical Analysis
Needham Growth's future price can be derived by breaking down and analyzing its technical indicators over time. Needham Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Needham Growth Fund. In general, you should focus on analyzing Needham Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Needham Growth Predictive Forecast Models
Needham Growth's time-series forecasting models is one of many Needham Growth'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 Needham Growth'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 Needham Growth
Checking the ongoing alerts about Needham Growth for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Needham Growth help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Needham Growth generated a negative expected return over the last 90 days | |
| The fund maintains about 11.35% of its assets in cash |
Other Information on Investing in Needham Mutual Fund
Needham Growth financial ratios help investors to determine whether Needham 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 Needham with respect to the benefits of owning Needham Growth security.
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