Etracs 2xmonthly Pay Etf Probability of Future Etf Price Finishing Under 3.89
| SMHB Etf | USD 5.64 0.04 0.71% |
ETRACS |
ETRACS 2xMonthly Target Price Odds to finish below 3.89
The tendency of ETRACS 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 drop to $ 3.89 or more in 90 days |
| 5.64 | 90 days | 3.89 | near 1 |
Based on a normal probability distribution, the odds of ETRACS 2xMonthly to drop to $ 3.89 or more in 90 days from now is near 1 (This ETRACS 2xMonthly Pay probability density function shows the probability of ETRACS Etf to fall within a particular range of prices over 90 days) . Probability of ETRACS 2xMonthly Pay price to stay between $ 3.89 and its current price of $5.64 at the end of the 90-day period is about 14.81 .
Given the investment horizon of 90 days the etf has the beta coefficient of 1.16 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ETRACS 2xMonthly will likely underperform. Additionally ETRACS 2xMonthly Pay 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. ETRACS 2xMonthly Price Density |
| Price |
Predictive Modules for ETRACS 2xMonthly
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ETRACS 2xMonthly Pay. 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.ETRACS 2xMonthly Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ETRACS 2xMonthly is not an exception. The market had few large corrections towards the ETRACS 2xMonthly'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 ETRACS 2xMonthly Pay, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ETRACS 2xMonthly within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | 1.16 | |
σ | Overall volatility | 0.23 | |
Ir | Information ratio | -0.05 |
ETRACS 2xMonthly 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 ETRACS 2xMonthly for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ETRACS 2xMonthly Pay can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ETRACS 2xMonthly Pay generated a negative expected return over the last 90 days | |
| ETRACS 2xMonthly Pay created five year return of -5.0% | |
| This fund maintains all of the assets in different exotic instruments |
ETRACS 2xMonthly 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 ETRACS Etf often depends not only on the future outlook of the current and potential ETRACS 2xMonthly'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. ETRACS 2xMonthly's indicators that are reflective of the short sentiment are summarized in the table below.
ETRACS 2xMonthly Technical Analysis
ETRACS 2xMonthly's future price can be derived by breaking down and analyzing its technical indicators over time. ETRACS Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ETRACS 2xMonthly Pay. In general, you should focus on analyzing ETRACS Etf price patterns and their correlations with different microeconomic environments and drivers.
ETRACS 2xMonthly Predictive Forecast Models
ETRACS 2xMonthly's time-series forecasting models is one of many ETRACS 2xMonthly'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 ETRACS 2xMonthly'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 ETRACS 2xMonthly Pay
Checking the ongoing alerts about ETRACS 2xMonthly for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ETRACS 2xMonthly Pay help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ETRACS 2xMonthly Pay generated a negative expected return over the last 90 days | |
| ETRACS 2xMonthly Pay created five year return of -5.0% | |
| This fund maintains all of the assets in different exotic instruments |
Check out ETRACS 2xMonthly Backtesting, Portfolio Optimization, ETRACS 2xMonthly Correlation, ETRACS 2xMonthly Hype Analysis, ETRACS 2xMonthly Volatility, ETRACS 2xMonthly History as well as ETRACS 2xMonthly Performance. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
The market value of ETRACS 2xMonthly Pay is measured differently than its book value, which is the value of ETRACS that is recorded on the company's balance sheet. Investors also form their own opinion of ETRACS 2xMonthly's value that differs from its market value or its book value, called intrinsic value, which is ETRACS 2xMonthly's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ETRACS 2xMonthly's market value can be influenced by many factors that don't directly affect ETRACS 2xMonthly's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ETRACS 2xMonthly's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETRACS 2xMonthly is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETRACS 2xMonthly's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.