Xtrackers California Municipal Etf Probability of Future Etf Price Finishing Under 25.47
| CA Etf | USD 24.92 0.06 0.24% |
Xtrackers |
Xtrackers California Target Price Odds to finish below 25.47
The tendency of Xtrackers 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 stay under $ 25.47 after 90 days |
| 24.92 | 90 days | 25.47 | roughly 97.0 |
Based on a normal probability distribution, the odds of Xtrackers California to stay under $ 25.47 after 90 days from now is roughly 97.0 (This Xtrackers California Municipal probability density function shows the probability of Xtrackers Etf to fall within a particular range of prices over 90 days) . Probability of Xtrackers California price to stay between its current price of $ 24.92 and $ 25.47 at the end of the 90-day period is about 84.88 .
Allowing for the 90-day total investment horizon Xtrackers California Municipal has a beta of -0.0072 suggesting as returns on the benchmark increase, returns on holding Xtrackers California are expected to decrease at a much lower rate. During a bear market, however, Xtrackers California Municipal is likely to outperform the market. Additionally Xtrackers California Municipal 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. Xtrackers California Price Density |
| Price |
Predictive Modules for Xtrackers California
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Xtrackers California. 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.Xtrackers California Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Xtrackers California is not an exception. The market had few large corrections towards the Xtrackers California'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 Xtrackers California Municipal, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Xtrackers California within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | -0.0072 | |
σ | Overall volatility | 0.18 | |
Ir | Information ratio | -0.16 |
Xtrackers California 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 Xtrackers California for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Xtrackers California can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Xtrackers California generated a negative expected return over the last 90 days | |
| Xtrackers California Municipal reports about 3.33 B in cash with (526.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.14. | |
| Roughly 72.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from seekingalpha.com: SPDR SSGA My2028 Municipal Bond ETF declares monthly distribution of 0.0667 |
Xtrackers California Technical Analysis
Xtrackers California's future price can be derived by breaking down and analyzing its technical indicators over time. Xtrackers Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Xtrackers California Municipal. In general, you should focus on analyzing Xtrackers Etf price patterns and their correlations with different microeconomic environments and drivers.
Xtrackers California Predictive Forecast Models
Xtrackers California's time-series forecasting models is one of many Xtrackers California'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 Xtrackers California'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 Xtrackers California
Checking the ongoing alerts about Xtrackers California for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Xtrackers California help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Xtrackers California generated a negative expected return over the last 90 days | |
| Xtrackers California Municipal reports about 3.33 B in cash with (526.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.14. | |
| Roughly 72.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from seekingalpha.com: SPDR SSGA My2028 Municipal Bond ETF declares monthly distribution of 0.0667 |
Check out Xtrackers California Backtesting, Portfolio Optimization, Xtrackers California Correlation, Xtrackers California Hype Analysis, Xtrackers California Volatility, Xtrackers California History as well as Xtrackers California Performance. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
The market value of Xtrackers California is measured differently than its book value, which is the value of Xtrackers that is recorded on the company's balance sheet. Investors also form their own opinion of Xtrackers California's value that differs from its market value or its book value, called intrinsic value, which is Xtrackers California's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Xtrackers California's market value can be influenced by many factors that don't directly affect Xtrackers California's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Xtrackers California's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xtrackers California is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xtrackers California's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.