Platinum Asia (Australia) Probability of Future Fund Price Finishing Over 4.80
| PAXX Fund | 4.80 0.03 0.62% |
Platinum |
Platinum Asia Target Price Odds to finish over 4.80
The tendency of Platinum 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 move above the current price in 90 days |
| 4.80 | 90 days | 4.80 | about 66.15 |
Based on a normal probability distribution, the odds of Platinum Asia to move above the current price in 90 days from now is about 66.15 (This Platinum Asia probability density function shows the probability of Platinum Fund to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Platinum Asia has a beta of -0.16 indicating as returns on the benchmark increase, returns on holding Platinum Asia are expected to decrease at a much lower rate. During a bear market, however, Platinum Asia is likely to outperform the market. Additionally Platinum Asia 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. Platinum Asia Price Density |
| Price |
Predictive Modules for Platinum Asia
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Platinum Asia. Regardless of method or technology, however, to accurately forecast the fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the 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.Platinum Asia Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Platinum Asia is not an exception. The market had few large corrections towards the Platinum Asia'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 Platinum Asia, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Platinum Asia within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | -0.16 | |
σ | Overall volatility | 0.12 | |
Ir | Information ratio | -0.08 |
Platinum Asia 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 Platinum Asia for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Platinum Asia can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Platinum Asia generated a negative expected return over the last 90 days |
Platinum Asia Technical Analysis
Platinum Asia's future price can be derived by breaking down and analyzing its technical indicators over time. Platinum Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Platinum Asia. In general, you should focus on analyzing Platinum Fund price patterns and their correlations with different microeconomic environments and drivers.
Platinum Asia Predictive Forecast Models
Platinum Asia's time-series forecasting models is one of many Platinum Asia's 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 Platinum Asia'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 fund market movement and maximize returns from investment trading.
Things to note about Platinum Asia
Checking the ongoing alerts about Platinum Asia for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Platinum Asia help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Platinum Asia generated a negative expected return over the last 90 days |
Other Information on Investing in Platinum Fund
Platinum Asia financial ratios help investors to determine whether Platinum 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 Platinum with respect to the benefits of owning Platinum Asia security.
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