Commonwealth Australianew Zealand Fund Probability of Future Mutual Fund Price Finishing Under 11.14
| CNZLX Fund | USD 10.99 0.04 0.36% |
Commonwealth |
Commonwealth Australia/new Target Price Odds to finish below 11.14
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 stay under $ 11.14 after 90 days |
| 10.99 | 90 days | 11.14 | about 23.31 |
Based on a normal probability distribution, the odds of Commonwealth Australia/new to stay under $ 11.14 after 90 days from now is about 23.31 (This Commonwealth Australianew Zealand probability density function shows the probability of Commonwealth Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Commonwealth Australia/new price to stay between its current price of $ 10.99 and $ 11.14 at the end of the 90-day period is about 16.09 .
Assuming the 90 days horizon Commonwealth Australia/new has a beta of 0.29 suggesting as returns on the market go up, Commonwealth Australia/new average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Commonwealth Australianew Zealand will be expected to be much smaller as well. Additionally Commonwealth Australianew Zealand 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 Australia/new Price Density |
| Price |
Predictive Modules for Commonwealth Australia/new
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 Australia/new. 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 Australia/new Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Commonwealth Australia/new is not an exception. The market had few large corrections towards the Commonwealth Australia/new'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 Australianew Zealand, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Commonwealth Australia/new within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | 0.29 | |
σ | Overall volatility | 0.21 | |
Ir | Information ratio | -0.19 |
Commonwealth Australia/new 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 Australia/new for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Commonwealth Australia/new 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 Australia/new generated a negative expected return over the last 90 days | |
| Commonwealth Australia/new generated five year return of -1.0% | |
| This fund holds 97.62% of its assets under management (AUM) in equities |
Commonwealth Australia/new Technical Analysis
Commonwealth Australia/new'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 Australianew Zealand. In general, you should focus on analyzing Commonwealth Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Commonwealth Australia/new Predictive Forecast Models
Commonwealth Australia/new's time-series forecasting models is one of many Commonwealth Australia/new'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 Australia/new'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 Australia/new
Checking the ongoing alerts about Commonwealth Australia/new for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Commonwealth Australia/new help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Commonwealth Australia/new generated a negative expected return over the last 90 days | |
| Commonwealth Australia/new generated five year return of -1.0% | |
| This fund holds 97.62% of its assets under management (AUM) in equities |
Other Information on Investing in Commonwealth Mutual Fund
Commonwealth Australia/new 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 Australia/new security.
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