Mymg Etf Chance of Future Etf Price Finishing Under 24.48

MYMG Etf   24.97  0.02  0.08%   
MYMG's future price is the expected price of MYMG instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of MYMG performance during a given time horizon utilizing its historical volatility. Check out MYMG Backtesting, Portfolio Optimization, MYMG Correlation, MYMG Hype Analysis, MYMG Volatility, MYMG History as well as MYMG Performance.
  
Please specify MYMG's target price for which you would like MYMG odds to be computed.

MYMG Target Price Odds to finish below 24.48

The tendency of MYMG 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 PriceHorizonTarget PriceOdds to drop to  24.48  or more in 90 days
 24.97 90 days 24.48 
near 1
Based on a normal probability distribution, the odds of MYMG to drop to  24.48  or more in 90 days from now is near 1 (This MYMG probability density function shows the probability of MYMG Etf to fall within a particular range of prices over 90 days) . Probability of MYMG price to stay between  24.48  and its current price of 24.97 at the end of the 90-day period is about 89.32 .
Given the investment horizon of 90 days MYMG has a beta of -0.0533. This indicates as returns on the benchmark increase, returns on holding MYMG are expected to decrease at a much lower rate. During a bear market, however, MYMG is likely to outperform the market. Additionally MYMG has an alpha of 5.0E-4, implying that it can generate a 5.3E-4 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   MYMG Price Density   
       Price  

Predictive Modules for MYMG

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MYMG. 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.
Hype
Prediction
LowEstimatedHigh
24.8124.9725.13
Details
Intrinsic
Valuation
LowRealHigh
23.7823.9427.47
Details
Naive
Forecast
LowNextHigh
24.7624.9325.09
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
24.8624.9625.06
Details

MYMG Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. MYMG is not an exception. The market had few large corrections towards the MYMG'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 MYMG, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MYMG within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.0005
β
Beta against Dow Jones-0.05
σ
Overall volatility
0.09
Ir
Information ratio -0.73

MYMG 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 MYMG for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MYMG can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.

MYMG Technical Analysis

MYMG's future price can be derived by breaking down and analyzing its technical indicators over time. MYMG Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MYMG. In general, you should focus on analyzing MYMG Etf price patterns and their correlations with different microeconomic environments and drivers.

MYMG Predictive Forecast Models

MYMG's time-series forecasting models is one of many MYMG'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 MYMG'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 MYMG

Checking the ongoing alerts about MYMG for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MYMG help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
When determining whether MYMG is a strong investment it is important to analyze MYMG's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MYMG's future performance. For an informed investment choice regarding MYMG Etf, refer to the following important reports:
Check out MYMG Backtesting, Portfolio Optimization, MYMG Correlation, MYMG Hype Analysis, MYMG Volatility, MYMG History as well as MYMG Performance.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.
The market value of MYMG is measured differently than its book value, which is the value of MYMG that is recorded on the company's balance sheet. Investors also form their own opinion of MYMG's value that differs from its market value or its book value, called intrinsic value, which is MYMG'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 MYMG's market value can be influenced by many factors that don't directly affect MYMG'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 MYMG's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYMG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYMG'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.