Health Care Select Etf Probability of Future Etf Price Finishing Over 157.14
| XLV Etf | USD 138.95 0.65 0.47% |
Health |
Health Care Target Price Odds to finish over 157.14
The tendency of Health 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 $ 157.14 or more in 90 days |
| 138.95 | 90 days | 157.14 | about 1.44 |
Based on a normal probability distribution, the odds of Health Care to move over $ 157.14 or more in 90 days from now is about 1.44 (This Health Care Select probability density function shows the probability of Health Etf to fall within a particular range of prices over 90 days) . Probability of Health Care Select price to stay between its current price of $ 138.95 and $ 157.14 at the end of the 90-day period is about 92.1 .
Considering the 90-day investment horizon Health Care has a beta of 0.17. This entails as returns on the market go up, Health Care average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Health Care Select will be expected to be much smaller as well. Additionally Health Care Select 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. Health Care Price Density |
| Price |
Predictive Modules for Health Care
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Health Care Select. 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.Health Care Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Health Care is not an exception. The market had few large corrections towards the Health Care'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 Health Care Select, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Health Care within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.15 | |
β | Beta against Dow Jones | 0.17 | |
σ | Overall volatility | 4.91 | |
Ir | Information ratio | -0.23 |
Health Care 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 Health Care for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Health Care Select can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Health Care Select generated a negative expected return over the last 90 days | |
| Latest headline from cnbc.com: Health care is looking cheap going into 2025. How to play it with options | |
| The fund keeps 99.89% of its net assets in stocks |
Health Care Technical Analysis
Health Care's future price can be derived by breaking down and analyzing its technical indicators over time. Health Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Health Care Select. In general, you should focus on analyzing Health Etf price patterns and their correlations with different microeconomic environments and drivers.
Health Care Predictive Forecast Models
Health Care's time-series forecasting models is one of many Health Care'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 Health Care'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 Health Care Select
Checking the ongoing alerts about Health Care for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Health Care Select help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Health Care Select generated a negative expected return over the last 90 days | |
| Latest headline from cnbc.com: Health care is looking cheap going into 2025. How to play it with options | |
| The fund keeps 99.89% of its net assets in stocks |
Check out Health Care Backtesting, Portfolio Optimization, Health Care Correlation, Health Care Hype Analysis, Health Care Volatility, Health Care History as well as Health Care Performance. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
The market value of Health Care Select is measured differently than its book value, which is the value of Health that is recorded on the company's balance sheet. Investors also form their own opinion of Health Care's value that differs from its market value or its book value, called intrinsic value, which is Health Care'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 Health Care's market value can be influenced by many factors that don't directly affect Health Care'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 Health Care's value and its price as these two are different measures arrived at by different means. Investors typically determine if Health Care is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Health Care'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.