Eventide Healthcare Life Fund Probability of Future Mutual Fund Price Finishing Over 36.87
| ETAHX Fund | USD 33.96 0.44 1.31% |
Eventide |
Eventide Healthcare Target Price Odds to finish over 36.87
The tendency of Eventide 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 $ 36.87 or more in 90 days |
| 33.96 | 90 days | 36.87 | about 5.31 |
Based on a normal probability distribution, the odds of Eventide Healthcare to move over $ 36.87 or more in 90 days from now is about 5.31 (This Eventide Healthcare Life probability density function shows the probability of Eventide Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Eventide Healthcare Life price to stay between its current price of $ 33.96 and $ 36.87 at the end of the 90-day period is about 89.01 .
Assuming the 90 days horizon the mutual fund has the beta coefficient of 1.08 suggesting Eventide Healthcare Life market returns are sensitive to returns on the market. As the market goes up or down, Eventide Healthcare is expected to follow. Additionally Eventide Healthcare Life 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. Eventide Healthcare Price Density |
| Price |
Predictive Modules for Eventide Healthcare
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eventide Healthcare Life. 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.Eventide Healthcare Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eventide Healthcare is not an exception. The market had few large corrections towards the Eventide Healthcare'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 Eventide Healthcare Life, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eventide Healthcare within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.22 | |
β | Beta against Dow Jones | 1.08 | |
σ | Overall volatility | 0.91 | |
Ir | Information ratio | -0.16 |
Eventide Healthcare 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 Eventide Healthcare for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eventide Healthcare Life can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eventide Healthcare generated a negative expected return over the last 90 days | |
| The fund generated three year return of -8.0% | |
| Eventide Healthcare Life retains about 16.47% of its assets under management (AUM) in cash |
Eventide Healthcare Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Eventide Mutual Fund often depends not only on the future outlook of the current and potential Eventide Healthcare's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Eventide Healthcare's indicators that are reflective of the short sentiment are summarized in the table below.
Eventide Healthcare Technical Analysis
Eventide Healthcare's future price can be derived by breaking down and analyzing its technical indicators over time. Eventide Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eventide Healthcare Life. In general, you should focus on analyzing Eventide Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Eventide Healthcare Predictive Forecast Models
Eventide Healthcare's time-series forecasting models is one of many Eventide Healthcare'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 Eventide Healthcare'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 Eventide Healthcare Life
Checking the ongoing alerts about Eventide Healthcare for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eventide Healthcare Life help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eventide Healthcare generated a negative expected return over the last 90 days | |
| The fund generated three year return of -8.0% | |
| Eventide Healthcare Life retains about 16.47% of its assets under management (AUM) in cash |
Other Information on Investing in Eventide Mutual Fund
Eventide Healthcare financial ratios help investors to determine whether Eventide 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 Eventide with respect to the benefits of owning Eventide Healthcare security.
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |