Mymg Etf Chance of Future Etf Price Finishing Over 25.07
| MYMG Etf | 25.04 0.01 0.04% |
MYMG |
MYMG Target Price Odds to finish over 25.07
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 Price | Horizon | Target Price | Odds to move over 25.07 or more in 90 days |
| 25.04 | 90 days | 25.07 | about 1.11 |
Based on a normal probability distribution, the odds of MYMG to move over 25.07 or more in 90 days from now is about 1.11 (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 its current price of 25.04 and 25.07 at the end of the 90-day period is about 1.87 .
Given the investment horizon of 90 days MYMG has a beta of -0.0483. 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 0.0021, implying that it can generate a 0.002137 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.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 | |
β | Beta against Dow Jones | -0.05 | |
σ | Overall volatility | 0.07 | |
Ir | Information ratio | -0.78 |
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.| Latest headline from seekingalpha.com: SPDR SSGA My2027 Municipal Bond declares monthly distribution of 0.0676 |
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.
| Latest headline from seekingalpha.com: SPDR SSGA My2027 Municipal Bond declares monthly distribution of 0.0676 |
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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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.