Coronation Smaller (South Africa) Probability of Future Fund Price Finishing Under 136.51
| 0P0000IR32 | 138.36 0.14 0.10% |
Coronation |
Coronation Smaller Target Price Odds to finish below 136.51
The tendency of Coronation 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 drop to 136.51 or more in 90 days |
| 138.36 | 90 days | 136.51 | about 88.88 |
Based on a normal probability distribution, the odds of Coronation Smaller to drop to 136.51 or more in 90 days from now is about 88.88 (This Coronation Smaller Companies probability density function shows the probability of Coronation Fund to fall within a particular range of prices over 90 days) . Probability of Coronation Smaller price to stay between 136.51 and its current price of 138.36 at the end of the 90-day period is about 8.63 .
Assuming the 90 days trading horizon Coronation Smaller has a beta of 0.0873. This suggests as returns on the market go up, Coronation Smaller average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Coronation Smaller Companies will be expected to be much smaller as well. Additionally Coronation Smaller Companies has an alpha of 0.0617, implying that it can generate a 0.0617 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Coronation Smaller Price Density |
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Predictive Modules for Coronation Smaller
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Coronation Smaller. 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.Coronation Smaller Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Coronation Smaller is not an exception. The market had few large corrections towards the Coronation Smaller'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 Coronation Smaller Companies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Coronation Smaller within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.06 | |
β | Beta against Dow Jones | 0.09 | |
σ | Overall volatility | 2.38 | |
Ir | Information ratio | -0.07 |
Coronation Smaller Technical Analysis
Coronation Smaller's future price can be derived by breaking down and analyzing its technical indicators over time. Coronation Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Coronation Smaller Companies. In general, you should focus on analyzing Coronation Fund price patterns and their correlations with different microeconomic environments and drivers.
Coronation Smaller Predictive Forecast Models
Coronation Smaller's time-series forecasting models is one of many Coronation Smaller'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 Coronation Smaller'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Coronation Smaller in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Coronation Smaller's short interest history, or implied volatility extrapolated from Coronation Smaller options trading.
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