VETIVA INDUSTRIAL (Nigeria) Probability of Future Stock Price Finishing Over 45.6
| VETINDETF | 45.00 0.00 0.00% |
VETIVA |
VETIVA INDUSTRIAL Target Price Odds to finish over 45.6
The tendency of VETIVA Stock 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 45.60 or more in 90 days |
| 45.00 | 90 days | 45.60 | about 70.93 |
Based on a normal probability distribution, the odds of VETIVA INDUSTRIAL to move over 45.60 or more in 90 days from now is about 70.93 (This VETIVA INDUSTRIAL ETF probability density function shows the probability of VETIVA Stock to fall within a particular range of prices over 90 days) . Probability of VETIVA INDUSTRIAL ETF price to stay between its current price of 45.00 and 45.60 at the end of the 90-day period is about 13.02 .
Assuming the 90 days trading horizon VETIVA INDUSTRIAL has a beta of 0.0856. This entails as returns on the market go up, VETIVA INDUSTRIAL average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding VETIVA INDUSTRIAL ETF will be expected to be much smaller as well. Additionally VETIVA INDUSTRIAL 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. VETIVA INDUSTRIAL Price Density |
| Price |
Predictive Modules for VETIVA INDUSTRIAL
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as VETIVA INDUSTRIAL ETF. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock 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.VETIVA INDUSTRIAL Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. VETIVA INDUSTRIAL is not an exception. The market had few large corrections towards the VETIVA INDUSTRIAL'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 VETIVA INDUSTRIAL ETF, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of VETIVA INDUSTRIAL within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.12 | |
β | Beta against Dow Jones | 0.09 | |
σ | Overall volatility | 1.36 | |
Ir | Information ratio | -0.35 |
VETIVA INDUSTRIAL 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 VETIVA INDUSTRIAL for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for VETIVA INDUSTRIAL 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.| VETIVA INDUSTRIAL generated a negative expected return over the last 90 days |
VETIVA INDUSTRIAL Technical Analysis
VETIVA INDUSTRIAL's future price can be derived by breaking down and analyzing its technical indicators over time. VETIVA Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of VETIVA INDUSTRIAL ETF. In general, you should focus on analyzing VETIVA Stock price patterns and their correlations with different microeconomic environments and drivers.
VETIVA INDUSTRIAL Predictive Forecast Models
VETIVA INDUSTRIAL's time-series forecasting models is one of many VETIVA INDUSTRIAL's stock 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 VETIVA INDUSTRIAL'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 stock market movement and maximize returns from investment trading.
Things to note about VETIVA INDUSTRIAL ETF
Checking the ongoing alerts about VETIVA INDUSTRIAL for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for VETIVA INDUSTRIAL ETF help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| VETIVA INDUSTRIAL generated a negative expected return over the last 90 days |