Mycm Etf Chance of Future Etf Price Finishing Under 24.21
| MYCM Etf | 24.25 0.04 0.17% |
MYCM |
MYCM Target Price Odds to finish below 24.21
The tendency of MYCM 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 24.21 or more in 90 days |
| 24.25 | 90 days | 24.21 | about 12.61 |
Based on a normal probability distribution, the odds of MYCM to drop to 24.21 or more in 90 days from now is about 12.61 (This MYCM probability density function shows the probability of MYCM Etf to fall within a particular range of prices over 90 days) . Probability of MYCM price to stay between 24.21 and its current price of 24.25 at the end of the 90-day period is under 4.
Given the investment horizon of 90 days MYCM has a beta of -0.0579. This indicates as returns on the benchmark increase, returns on holding MYCM are expected to decrease at a much lower rate. During a bear market, however, MYCM is likely to outperform the market. Additionally MYCM 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. MYCM Price Density |
| Price |
Predictive Modules for MYCM
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MYCM. 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 MYCM'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.
MYCM Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MYCM is not an exception. The market had few large corrections towards the MYCM'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 MYCM, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MYCM within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.07 | |
β | Beta against Dow Jones | -0.06 | |
σ | Overall volatility | 0.25 | |
Ir | Information ratio | -0.53 |
MYCM 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 MYCM for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MYCM can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| MYCM generated a negative expected return over the last 90 days | |
| Latest headline from seekingalpha.com: SPDR SSGA My2033 Corporate Bond declares monthly distribution of 0.0950 |
MYCM Technical Analysis
MYCM's future price can be derived by breaking down and analyzing its technical indicators over time. MYCM Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MYCM. In general, you should focus on analyzing MYCM Etf price patterns and their correlations with different microeconomic environments and drivers.
MYCM Predictive Forecast Models
MYCM's time-series forecasting models is one of many MYCM'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 MYCM'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 MYCM
Checking the ongoing alerts about MYCM for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MYCM help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| MYCM generated a negative expected return over the last 90 days | |
| Latest headline from seekingalpha.com: SPDR SSGA My2033 Corporate Bond declares monthly distribution of 0.0950 |
Check out MYCM Backtesting, Portfolio Optimization, MYCM Correlation, MYCM Hype Analysis, MYCM Volatility, MYCM History as well as MYCM Performance. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of MYCM is measured differently than its book value, which is the value of MYCM that is recorded on the company's balance sheet. Investors also form their own opinion of MYCM's value that differs from its market value or its book value, called intrinsic value, which is MYCM'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 MYCM's market value can be influenced by many factors that don't directly affect MYCM'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 MYCM's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYCM is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYCM'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.