Satrix 40 (South Africa) Probability of Future Etf Price Finishing Over 7,549
| STX40 Etf | 7,664 36.00 0.47% |
Satrix |
Satrix 40 Target Price Odds to finish over 7,549
The tendency of Satrix 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 move above the current price in 90 days |
| 7,664 | 90 days | 7,664 | about 91.93 |
Based on a normal probability distribution, the odds of Satrix 40 to move above the current price in 90 days from now is about 91.93 (This Satrix 40 ETF probability density function shows the probability of Satrix Etf to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Satrix 40 has a beta of 0.0803. This usually implies as returns on the market go up, Satrix 40 average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Satrix 40 ETF will be expected to be much smaller as well. Additionally Satrix 40 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. Satrix 40 Price Density |
| Price |
Predictive Modules for Satrix 40
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Satrix 40 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.Satrix 40 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Satrix 40 is not an exception. The market had few large corrections towards the Satrix 40'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 Satrix 40 ETF, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Satrix 40 within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | 0.08 | |
σ | Overall volatility | 105.38 | |
Ir | Information ratio | -0.05 |
Satrix 40 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 Satrix 40 for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Satrix 40 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.| Satrix 40 ETF generated a negative expected return over the last 90 days |
Satrix 40 Technical Analysis
Satrix 40's future price can be derived by breaking down and analyzing its technical indicators over time. Satrix Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Satrix 40 ETF. In general, you should focus on analyzing Satrix Etf price patterns and their correlations with different microeconomic environments and drivers.
Satrix 40 Predictive Forecast Models
Satrix 40's time-series forecasting models is one of many Satrix 40'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 Satrix 40'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 Satrix 40 ETF
Checking the ongoing alerts about Satrix 40 for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Satrix 40 ETF help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Satrix 40 ETF generated a negative expected return over the last 90 days |