Ninepoint Energy Fund Probability of Future Fund Price Finishing Over 29.31
| 0P0000732C | CAD 27.78 0.05 0.18% |
Ninepoint |
Ninepoint Energy Target Price Odds to finish over 29.31
The tendency of Ninepoint Fund 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 C$ 29.31 or more in 90 days |
| 27.78 | 90 days | 29.31 | near 1 |
Based on a normal probability distribution, the odds of Ninepoint Energy to move over C$ 29.31 or more in 90 days from now is near 1 (This Ninepoint Energy probability density function shows the probability of Ninepoint Fund to fall within a particular range of prices over 90 days) . Probability of Ninepoint Energy price to stay between its current price of C$ 27.78 and C$ 29.31 at the end of the 90-day period is about 22.84 .
Assuming the 90 days trading horizon Ninepoint Energy has a beta of 0.24. This suggests as returns on the market go up, Ninepoint Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ninepoint Energy will be expected to be much smaller as well. Additionally Ninepoint Energy 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. Ninepoint Energy Price Density |
| Price |
Predictive Modules for Ninepoint Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ninepoint Energy. Regardless of method or technology, however, to accurately forecast the fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the fund 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.Ninepoint Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ninepoint Energy is not an exception. The market had few large corrections towards the Ninepoint Energy'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 Ninepoint Energy, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ninepoint Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | 0.24 | |
σ | Overall volatility | 0.84 | |
Ir | Information ratio | -0.11 |
Ninepoint Energy 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 Ninepoint Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ninepoint Energy can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| This fund generated-14.0 ten year return of -14.0% | |
| Ninepoint Energy holds all of the total net assets in various exotic instrument |
Ninepoint Energy 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 Ninepoint Fund often depends not only on the future outlook of the current and potential Ninepoint Energy'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. Ninepoint Energy's indicators that are reflective of the short sentiment are summarized in the table below.
Ninepoint Energy Technical Analysis
Ninepoint Energy's future price can be derived by breaking down and analyzing its technical indicators over time. Ninepoint Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ninepoint Energy. In general, you should focus on analyzing Ninepoint Fund price patterns and their correlations with different microeconomic environments and drivers.
Ninepoint Energy Predictive Forecast Models
Ninepoint Energy's time-series forecasting models is one of many Ninepoint Energy's fund 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 Ninepoint Energy'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 fund market movement and maximize returns from investment trading.
Things to note about Ninepoint Energy
Checking the ongoing alerts about Ninepoint Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ninepoint Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| This fund generated-14.0 ten year return of -14.0% | |
| Ninepoint Energy holds all of the total net assets in various exotic instrument |
Other Information on Investing in Ninepoint Fund
Ninepoint Energy financial ratios help investors to determine whether Ninepoint Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ninepoint with respect to the benefits of owning Ninepoint Energy security.
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