Axis NIFTY (India) Probability of Future Etf Price Finishing Over 535.06
| AXISBNKETF | 532.41 1.75 0.33% |
Axis |
Axis NIFTY Target Price Odds to finish over 535.06
The tendency of Axis 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 535.06 or more in 90 days |
| 532.41 | 90 days | 535.06 | about 25.53 |
Based on a normal probability distribution, the odds of Axis NIFTY to move over 535.06 or more in 90 days from now is about 25.53 (This Axis NIFTY Bank probability density function shows the probability of Axis Etf to fall within a particular range of prices over 90 days) . Probability of Axis NIFTY Bank price to stay between its current price of 532.41 and 535.06 at the end of the 90-day period is about 9.37 .
Assuming the 90 days trading horizon Axis NIFTY has a beta of 0.13. This suggests as returns on the market go up, Axis NIFTY average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Axis NIFTY Bank will be expected to be much smaller as well. Additionally Axis NIFTY Bank has an alpha of 0.0159, implying that it can generate a 0.0159 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Axis NIFTY Price Density |
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Predictive Modules for Axis NIFTY
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Axis NIFTY Bank. 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as Axis NIFTY. Your research has to be compared to or analyzed against Axis NIFTY's peers to derive any actionable benefits. When done correctly, Axis NIFTY's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Axis NIFTY Bank.Axis NIFTY Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Axis NIFTY is not an exception. The market had few large corrections towards the Axis NIFTY'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 Axis NIFTY Bank, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Axis NIFTY within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.02 | |
β | Beta against Dow Jones | 0.13 | |
σ | Overall volatility | 9.82 | |
Ir | Information ratio | -0.09 |
Axis NIFTY Technical Analysis
Axis NIFTY's future price can be derived by breaking down and analyzing its technical indicators over time. Axis Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Axis NIFTY Bank. In general, you should focus on analyzing Axis Etf price patterns and their correlations with different microeconomic environments and drivers.
Axis NIFTY Predictive Forecast Models
Axis NIFTY's time-series forecasting models is one of many Axis NIFTY'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 Axis NIFTY'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.
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 Axis NIFTY 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, Axis NIFTY's short interest history, or implied volatility extrapolated from Axis NIFTY options trading.