Mycf Etf Chance of Future Etf Price Finishing Over 25.0
| MYCF Etf | 24.98 0.01 0.04% |
MYCF |
MYCF Target Price Odds to finish over 25.0
The tendency of MYCF 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 move over 25.00 or more in 90 days |
| 24.98 | 90 days | 25.00 | near 1 |
Based on a normal probability distribution, the odds of MYCF to move over 25.00 or more in 90 days from now is near 1 (This MYCF probability density function shows the probability of MYCF Etf to fall within a particular range of prices over 90 days) . Probability of MYCF price to stay between its current price of 24.98 and 25.00 at the end of the 90-day period is roughly 2.37 .
Given the investment horizon of 90 days MYCF has a beta of -0.0042. This indicates as returns on the benchmark increase, returns on holding MYCF are expected to decrease at a much lower rate. During a bear market, however, MYCF is likely to outperform the market. Additionally MYCF 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. MYCF Price Density |
| Price |
Predictive Modules for MYCF
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MYCF. 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 MYCF'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.
MYCF Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MYCF is not an exception. The market had few large corrections towards the MYCF'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 MYCF, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MYCF within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0049 | |
β | Beta against Dow Jones | -0.0042 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | -1.33 |
MYCF 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 MYCF for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MYCF can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Latest headline from seekingalpha.com: SPDR SSGA My2026 Corporate Bond declares monthly distribution of 0.0930 |
MYCF Technical Analysis
MYCF's future price can be derived by breaking down and analyzing its technical indicators over time. MYCF Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MYCF. In general, you should focus on analyzing MYCF Etf price patterns and their correlations with different microeconomic environments and drivers.
MYCF Predictive Forecast Models
MYCF's time-series forecasting models is one of many MYCF'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 MYCF'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 MYCF
Checking the ongoing alerts about MYCF for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MYCF help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Latest headline from seekingalpha.com: SPDR SSGA My2026 Corporate Bond declares monthly distribution of 0.0930 |
Check out MYCF Backtesting, Portfolio Optimization, MYCF Correlation, MYCF Hype Analysis, MYCF Volatility, MYCF History as well as MYCF Performance. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of MYCF is measured differently than its book value, which is the value of MYCF that is recorded on the company's balance sheet. Investors also form their own opinion of MYCF's value that differs from its market value or its book value, called intrinsic value, which is MYCF's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MYCF's market value can be influenced by many factors that don't directly affect MYCF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MYCF's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYCF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYCF's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.