Oil Gas Ultrasector Fund Odds of Future Mutual Fund Price Finishing Under 38.43
| ENPIX Fund | USD 47.20 0.07 0.15% |
Oil |
Oil Gas Target Price Odds to finish below 38.43
The tendency of Oil 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 drop to $ 38.43 or more in 90 days |
| 47.20 | 90 days | 38.43 | near 1 |
Based on a normal probability distribution, the odds of Oil Gas to drop to $ 38.43 or more in 90 days from now is near 1 (This Oil Gas Ultrasector probability density function shows the probability of Oil Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Oil Gas Ultrasector price to stay between $ 38.43 and its current price of $47.2 at the end of the 90-day period is about 90.56 .
Assuming the 90 days horizon the mutual fund has the beta coefficient of 1.01 suggesting Oil Gas Ultrasector market returns are sensitive to returns on the market. As the market goes up or down, Oil Gas is expected to follow. Additionally Oil Gas Ultrasector 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. Oil Gas Price Density |
| Price |
Predictive Modules for Oil Gas
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Oil Gas Ultrasector. 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.Oil Gas Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Oil Gas is not an exception. The market had few large corrections towards the Oil Gas' 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 Oil Gas Ultrasector, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Oil Gas within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | 1.01 | |
σ | Overall volatility | 2.33 | |
Ir | Information ratio | -0.01 |
Oil Gas 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 Oil Gas for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Oil Gas Ultrasector can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The fund generated-6.0 ten year return of -6.0% | |
| Oil Gas Ultrasector retains about 26.46% of its assets under management (AUM) in cash |
Oil Gas Technical Analysis
Oil Gas' future price can be derived by breaking down and analyzing its technical indicators over time. Oil Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Oil Gas Ultrasector. In general, you should focus on analyzing Oil Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Oil Gas Predictive Forecast Models
Oil Gas' time-series forecasting models is one of many Oil Gas' 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 Oil Gas' 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 Oil Gas Ultrasector
Checking the ongoing alerts about Oil Gas for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Oil Gas Ultrasector help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The fund generated-6.0 ten year return of -6.0% | |
| Oil Gas Ultrasector retains about 26.46% of its assets under management (AUM) in cash |
Other Information on Investing in Oil Mutual Fund
Oil Gas financial ratios help investors to determine whether Oil 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 Oil with respect to the benefits of owning Oil Gas security.
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance |