Commonwealth Japan Fund Probability of Future Mutual Fund Price Finishing Over 4.94
| CNJFX Fund | USD 3.81 0.02 0.53% |
Commonwealth |
Commonwealth Japan Target Price Odds to finish over 4.94
The tendency of Commonwealth Mutual 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 move over $ 4.94 or more in 90 days |
| 3.81 | 90 days | 4.94 | near 1 |
Based on a normal probability distribution, the odds of Commonwealth Japan to move over $ 4.94 or more in 90 days from now is near 1 (This Commonwealth Japan Fund probability density function shows the probability of Commonwealth Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Commonwealth Japan price to stay between its current price of $ 3.81 and $ 4.94 at the end of the 90-day period is about 79.77 .
Assuming the 90 days horizon Commonwealth Japan has a beta of 0.57 suggesting as returns on the market go up, Commonwealth Japan average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Commonwealth Japan Fund will be expected to be much smaller as well. Additionally Commonwealth Japan Fund 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. Commonwealth Japan Price Density |
| Price |
Predictive Modules for Commonwealth Japan
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Commonwealth Japan. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual 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.Commonwealth Japan Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Commonwealth Japan is not an exception. The market had few large corrections towards the Commonwealth Japan'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 Commonwealth Japan Fund, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Commonwealth Japan within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.16 | |
β | Beta against Dow Jones | 0.57 | |
σ | Overall volatility | 0.12 | |
Ir | Information ratio | -0.17 |
Commonwealth Japan 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 Commonwealth Japan for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Commonwealth Japan can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Commonwealth Japan generated a negative expected return over the last 90 days | |
| Commonwealth Japan generated five year return of -1.0% | |
| This fund holds 99.6% of its assets under management (AUM) in equities |
Commonwealth Japan Technical Analysis
Commonwealth Japan's future price can be derived by breaking down and analyzing its technical indicators over time. Commonwealth Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Commonwealth Japan Fund. In general, you should focus on analyzing Commonwealth Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Commonwealth Japan Predictive Forecast Models
Commonwealth Japan's time-series forecasting models is one of many Commonwealth Japan's mutual 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 Commonwealth Japan'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 mutual fund market movement and maximize returns from investment trading.
Things to note about Commonwealth Japan
Checking the ongoing alerts about Commonwealth Japan for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Commonwealth Japan help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Commonwealth Japan generated a negative expected return over the last 90 days | |
| Commonwealth Japan generated five year return of -1.0% | |
| This fund holds 99.6% of its assets under management (AUM) in equities |
Other Information on Investing in Commonwealth Mutual Fund
Commonwealth Japan financial ratios help investors to determine whether Commonwealth Mutual Fund 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 Commonwealth with respect to the benefits of owning Commonwealth Japan security.
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