New America High Etf Probability of Future Etf Price Finishing Under 4.64
| HYB Etf | USD 8.27 0.05 0.61% |
New |
New America Target Price Odds to finish below 4.64
The tendency of New 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 drop to $ 4.64 or more in 90 days |
| 8.27 | 90 days | 4.64 | close to zero percent |
Based on a normal probability distribution, the odds of New America to drop to $ 4.64 or more in 90 days from now is close to zero percent (This New America High probability density function shows the probability of New Etf to fall within a particular range of prices over 90 days) . Probability of New America High price to stay between $ 4.64 and its current price of $8.27 at the end of the 90-day period is roughly 96.0 .
Considering the 90-day investment horizon New America High has a beta of -0.0436. This usually indicates as returns on the benchmark increase, returns on holding New America are expected to decrease at a much lower rate. During a bear market, however, New America High is likely to outperform the market. Additionally New America High has an alpha of 0.0318, implying that it can generate a 0.0318 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). New America Price Density |
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Predictive Modules for New America
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as New America High. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of New America's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
New America Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. New America is not an exception. The market had few large corrections towards the New America'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 New America High, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of New America within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.03 | |
β | Beta against Dow Jones | -0.04 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | -0.19 |
New America 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 New America for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for New America High can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| New America High has 84 M in debt with debt to equity (D/E) ratio of 0.47, which is OK given its current industry classification. New America High has a current ratio of 0.07, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist New America until it has trouble settling it off, either with new capital or with free cash flow. So, New America's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like New America High sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for New to invest in growth at high rates of return. When we think about New America's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the last year's revenue of 17.95 M. Reported Net Loss for the year was (40.41 M) with profit before taxes, overhead, and interest of 18.43 M. | |
| Latest headline from gurufocus.com: The New America High Income Fund, Inc.Results of 2024 Annual Me |
New America Technical Analysis
New America's future price can be derived by breaking down and analyzing its technical indicators over time. New Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of New America High. In general, you should focus on analyzing New Etf price patterns and their correlations with different microeconomic environments and drivers.
New America Predictive Forecast Models
New America's time-series forecasting models is one of many New America'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 New America'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 New America High
Checking the ongoing alerts about New America for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for New America High help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| New America High has 84 M in debt with debt to equity (D/E) ratio of 0.47, which is OK given its current industry classification. New America High has a current ratio of 0.07, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist New America until it has trouble settling it off, either with new capital or with free cash flow. So, New America's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like New America High sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for New to invest in growth at high rates of return. When we think about New America's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the last year's revenue of 17.95 M. Reported Net Loss for the year was (40.41 M) with profit before taxes, overhead, and interest of 18.43 M. | |
| Latest headline from gurufocus.com: The New America High Income Fund, Inc.Results of 2024 Annual Me |
Other Information on Investing in New Etf
New America financial ratios help investors to determine whether New Etf 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 New with respect to the benefits of owning New America security.