BANKBETF (India) Odds of Future Etf Price Finishing Under 49.81
| BANKBETF | 52.41 0.10 0.19% |
BANKBETF |
BANKBETF Target Price Odds to finish below 49.81
The tendency of BANKBETF 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 drop to 49.81 or more in 90 days |
| 52.41 | 90 days | 49.81 | near 1 |
Based on a normal probability distribution, the odds of BANKBETF to drop to 49.81 or more in 90 days from now is near 1 (This BANKBETF probability density function shows the probability of BANKBETF Etf to fall within a particular range of prices over 90 days) . Probability of BANKBETF price to stay between 49.81 and its current price of 52.41 at the end of the 90-day period is about 60.63 .
Assuming the 90 days trading horizon BANKBETF has a beta of 0.36 suggesting as returns on the market go up, BANKBETF average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding BANKBETF will be expected to be much smaller as well. Additionally BANKBETF 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. BANKBETF Price Density |
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Predictive Modules for BANKBETF
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BANKBETF. 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 BANKBETF. Your research has to be compared to or analyzed against BANKBETF's peers to derive any actionable benefits. When done correctly, BANKBETF'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 BANKBETF.BANKBETF Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. BANKBETF is not an exception. The market had few large corrections towards the BANKBETF'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 BANKBETF, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of BANKBETF within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 0.36 | |
σ | Overall volatility | 0.94 | |
Ir | Information ratio | -0.12 |
BANKBETF Technical Analysis
BANKBETF's future price can be derived by breaking down and analyzing its technical indicators over time. BANKBETF Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of BANKBETF. In general, you should focus on analyzing BANKBETF Etf price patterns and their correlations with different microeconomic environments and drivers.
BANKBETF Predictive Forecast Models
BANKBETF's time-series forecasting models is one of many BANKBETF'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 BANKBETF'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 BANKBETF 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, BANKBETF's short interest history, or implied volatility extrapolated from BANKBETF options trading.