Coronation Global (South Africa) Probability of Future Fund Price Finishing Over 2.22
| 0P000161AF | 2.61 0.03 1.16% |
Coronation |
Coronation Global Target Price Odds to finish over 2.22
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 stay above 2.22 in 90 days |
| 2.61 | 90 days | 2.22 | about 79.77 |
Based on a normal probability distribution, the odds of Coronation Global to stay above 2.22 in 90 days from now is about 79.77 (This Coronation Global Equity probability density function shows the probability of Coronation Fund to fall within a particular range of prices over 90 days) . Probability of Coronation Global Equity price to stay between 2.22 and its current price of 2.61 at the end of the 90-day period is about 78.98 .
Assuming the 90 days trading horizon Coronation Global has a beta of 0.24. This suggests as returns on the market go up, Coronation Global average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Coronation Global Equity will be expected to be much smaller as well. Additionally Coronation Global Equity has an alpha of 0.2385, implying that it can generate a 0.24 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Coronation Global Price Density |
| Price |
Predictive Modules for Coronation Global
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 Global 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.Coronation Global Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Coronation Global is not an exception. The market had few large corrections towards the Coronation Global'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 Global Equity, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Coronation Global within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.24 | |
β | Beta against Dow Jones | 0.24 | |
σ | Overall volatility | 0.12 | |
Ir | Information ratio | 0.13 |
Coronation Global Technical Analysis
Coronation Global'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 Global Equity. In general, you should focus on analyzing Coronation Fund price patterns and their correlations with different microeconomic environments and drivers.
Coronation Global Predictive Forecast Models
Coronation Global's time-series forecasting models is one of many Coronation Global'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 Global'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 Global 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 Global's short interest history, or implied volatility extrapolated from Coronation Global options trading.
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