Alabama Tax Free Bond Etf Probability of Future Etf Price Finishing Over 14.14
| ALABX Etf | USD 12.61 1.16 8.42% |
ALABAMA |
ALABAMA TAX Target Price Odds to finish over 14.14
The tendency of ALABAMA Etf 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 $ 14.14 or more in 90 days |
| 12.61 | 90 days | 14.14 | near 1 |
Based on a normal probability distribution, the odds of ALABAMA TAX to move over $ 14.14 or more in 90 days from now is near 1 (This ALABAMA TAX FREE BOND probability density function shows the probability of ALABAMA Etf to fall within a particular range of prices over 90 days) . Probability of ALABAMA TAX FREE price to stay between its current price of $ 12.61 and $ 14.14 at the end of the 90-day period is close to 99 .
Assuming the 90 days horizon ALABAMA TAX has a beta of 0.63. This suggests as returns on the market go up, ALABAMA TAX average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ALABAMA TAX FREE BOND will be expected to be much smaller as well. Additionally ALABAMA TAX FREE BOND 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. ALABAMA TAX Price Density |
| Price |
Predictive Modules for ALABAMA TAX
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ALABAMA TAX FREE. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf 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.ALABAMA TAX Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ALABAMA TAX is not an exception. The market had few large corrections towards the ALABAMA TAX'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 ALABAMA TAX FREE BOND, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ALABAMA TAX within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.12 | |
β | Beta against Dow Jones | 0.63 | |
σ | Overall volatility | 0.24 | |
Ir | Information ratio | -0.14 |
ALABAMA TAX 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 ALABAMA TAX for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ALABAMA TAX FREE can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ALABAMA TAX FREE generated a negative expected return over the last 90 days |
ALABAMA TAX Technical Analysis
ALABAMA TAX's future price can be derived by breaking down and analyzing its technical indicators over time. ALABAMA Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ALABAMA TAX FREE BOND. In general, you should focus on analyzing ALABAMA Etf price patterns and their correlations with different microeconomic environments and drivers.
ALABAMA TAX Predictive Forecast Models
ALABAMA TAX's time-series forecasting models is one of many ALABAMA TAX's etf 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 ALABAMA TAX'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 etf market movement and maximize returns from investment trading.
Things to note about ALABAMA TAX FREE
Checking the ongoing alerts about ALABAMA TAX for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ALABAMA TAX FREE help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ALABAMA TAX FREE generated a negative expected return over the last 90 days |
Other Information on Investing in ALABAMA Etf
ALABAMA TAX financial ratios help investors to determine whether ALABAMA Etf 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 ALABAMA with respect to the benefits of owning ALABAMA TAX security.