NewFunds GOVI (South Africa) Probability of Future Etf Price Finishing Over 7783.0
| STXGVI Etf | 7,768 33.00 0.42% |
NewFunds |
NewFunds GOVI Target Price Odds to finish over 7783.0
The tendency of NewFunds 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 over 7,783 or more in 90 days |
| 7,768 | 90 days | 7,783 | about 48.19 |
Based on a normal probability distribution, the odds of NewFunds GOVI to move over 7,783 or more in 90 days from now is about 48.19 (This NewFunds GOVI Exchange probability density function shows the probability of NewFunds Etf to fall within a particular range of prices over 90 days) . Probability of NewFunds GOVI Exchange price to stay between its current price of 7,768 and 7,783 at the end of the 90-day period is under 4.
Assuming the 90 days trading horizon NewFunds GOVI has a beta of 0.0403. This usually implies as returns on the market go up, NewFunds GOVI average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NewFunds GOVI Exchange will be expected to be much smaller as well. Additionally NewFunds GOVI Exchange 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. NewFunds GOVI Price Density |
| Price |
Predictive Modules for NewFunds GOVI
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NewFunds GOVI Exchange. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NewFunds GOVI's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
NewFunds GOVI Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NewFunds GOVI is not an exception. The market had few large corrections towards the NewFunds GOVI'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 NewFunds GOVI Exchange, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NewFunds GOVI within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 0.04 | |
σ | Overall volatility | 161.75 | |
Ir | Information ratio | -0.18 |
NewFunds GOVI 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 NewFunds GOVI for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NewFunds GOVI Exchange can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NewFunds GOVI generated a negative expected return over the last 90 days |
NewFunds GOVI Technical Analysis
NewFunds GOVI's future price can be derived by breaking down and analyzing its technical indicators over time. NewFunds Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NewFunds GOVI Exchange. In general, you should focus on analyzing NewFunds Etf price patterns and their correlations with different microeconomic environments and drivers.
NewFunds GOVI Predictive Forecast Models
NewFunds GOVI's time-series forecasting models is one of many NewFunds GOVI'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 NewFunds GOVI'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 NewFunds GOVI Exchange
Checking the ongoing alerts about NewFunds GOVI for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NewFunds GOVI Exchange help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NewFunds GOVI generated a negative expected return over the last 90 days |