Phn Canadian Equity Fund Probability of Future Fund Price Finishing Under 19.87
| 0P0000N468 | CAD 22.69 0.03 0.13% |
PHN |
PHN Canadian Target Price Odds to finish below 19.87
The tendency of PHN 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 C$ 19.87 or more in 90 days |
| 22.69 | 90 days | 19.87 | near 1 |
Based on a normal probability distribution, the odds of PHN Canadian to drop to C$ 19.87 or more in 90 days from now is near 1 (This PHN Canadian Equity probability density function shows the probability of PHN Fund to fall within a particular range of prices over 90 days) . Probability of PHN Canadian Equity price to stay between C$ 19.87 and its current price of C$22.69 at the end of the 90-day period is about 97.0 .
Assuming the 90 days trading horizon PHN Canadian has a beta of 0.18. This suggests as returns on the market go up, PHN Canadian average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding PHN Canadian Equity will be expected to be much smaller as well. Additionally PHN Canadian Equity has an alpha of 0.1163, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). PHN Canadian Price Density |
| Price |
Predictive Modules for PHN Canadian
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PHN Canadian Equity. 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.PHN Canadian Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PHN Canadian is not an exception. The market had few large corrections towards the PHN Canadian'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 PHN Canadian Equity, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PHN Canadian within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.12 | |
β | Beta against Dow Jones | 0.18 | |
σ | Overall volatility | 0.61 | |
Ir | Information ratio | 0.03 |
PHN Canadian 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 PHN Canadian for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for PHN Canadian Equity can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The fund generated three year return of -2.0% | |
| PHN Canadian Equity holds 95.84% of its total net assets in equities |
PHN Canadian 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 PHN Fund often depends not only on the future outlook of the current and potential PHN Canadian'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. PHN Canadian's indicators that are reflective of the short sentiment are summarized in the table below.
PHN Canadian Technical Analysis
PHN Canadian's future price can be derived by breaking down and analyzing its technical indicators over time. PHN Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PHN Canadian Equity. In general, you should focus on analyzing PHN Fund price patterns and their correlations with different microeconomic environments and drivers.
PHN Canadian Predictive Forecast Models
PHN Canadian's time-series forecasting models is one of many PHN Canadian'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 PHN Canadian'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 PHN Canadian Equity
Checking the ongoing alerts about PHN Canadian for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for PHN Canadian Equity help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The fund generated three year return of -2.0% | |
| PHN Canadian Equity holds 95.84% of its total net assets in equities |
Other Information on Investing in PHN Fund
PHN Canadian financial ratios help investors to determine whether PHN 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 PHN with respect to the benefits of owning PHN Canadian security.
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