Absa Multi (South Africa) Probability of Future Fund Price Finishing Over 1.48
| 0P0000ZE62 | 1.48 0.01 0.68% |
Absa |
Absa Multi Target Price Odds to finish over 1.48
The tendency of Absa 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 above the current price in 90 days |
| 1.48 | 90 days | 1.48 | near 1 |
Based on a normal probability distribution, the odds of Absa Multi to move above the current price in 90 days from now is near 1 (This Absa Multi managed Absolute probability density function shows the probability of Absa Fund to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Absa Multi managed Absolute has a beta of -0.0173. This suggests as returns on the benchmark increase, returns on holding Absa Multi are expected to decrease at a much lower rate. During a bear market, however, Absa Multi managed Absolute is likely to outperform the market. Additionally Absa Multi managed Absolute has an alpha of 0.0337, implying that it can generate a 0.0337 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Absa Multi Price Density |
| Price |
Predictive Modules for Absa Multi
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Absa Multi managed. 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.Absa Multi Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Absa Multi is not an exception. The market had few large corrections towards the Absa Multi'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 Absa Multi managed Absolute, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Absa Multi within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.03 | |
β | Beta against Dow Jones | -0.02 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.27 |
Absa Multi 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 Absa Multi for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Absa Multi managed can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Absa Multi managed may become a speculative penny stock |
Absa Multi Technical Analysis
Absa Multi's future price can be derived by breaking down and analyzing its technical indicators over time. Absa Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Absa Multi managed Absolute. In general, you should focus on analyzing Absa Fund price patterns and their correlations with different microeconomic environments and drivers.
Absa Multi Predictive Forecast Models
Absa Multi's time-series forecasting models is one of many Absa Multi'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 Absa Multi'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 Absa Multi managed
Checking the ongoing alerts about Absa Multi for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Absa Multi managed help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Absa Multi managed may become a speculative penny stock |
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