New Alternatives Fund Probability of Future Mutual Fund Price Finishing Under 64.05
| NAEFX Fund | USD 65.70 0.73 1.12% |
New |
New Alternatives Target Price Odds to finish below 64.05
The tendency of New Mutual Fund 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 $ 64.05 or more in 90 days |
| 65.70 | 90 days | 64.05 | about 5.22 |
Based on a normal probability distribution, the odds of New Alternatives to drop to $ 64.05 or more in 90 days from now is about 5.22 (This New Alternatives Fund probability density function shows the probability of New Mutual Fund to fall within a particular range of prices over 90 days) . Probability of New Alternatives price to stay between $ 64.05 and its current price of $65.7 at the end of the 90-day period is about 12.58 .
Assuming the 90 days horizon New Alternatives Fund has a beta of -0.0142. This indicates as returns on the benchmark increase, returns on holding New Alternatives are expected to decrease at a much lower rate. During a bear market, however, New Alternatives Fund is likely to outperform the market. Additionally New Alternatives Fund 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. New Alternatives Price Density |
| Price |
Predictive Modules for New Alternatives
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 Alternatives. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund 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.New Alternatives Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. New Alternatives is not an exception. The market had few large corrections towards the New Alternatives' 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 Alternatives Fund, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of New Alternatives within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | -0.01 | |
σ | Overall volatility | 2.37 | |
Ir | Information ratio | -0.17 |
New Alternatives 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 Alternatives for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for New Alternatives 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 Alternatives generated a negative expected return over the last 90 days | |
| The fund generated three year return of -8.0% | |
| New Alternatives maintains about 5.61% of its assets in cash |
New Alternatives Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of New Mutual Fund often depends not only on the future outlook of the current and potential New Alternatives' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. New Alternatives' indicators that are reflective of the short sentiment are summarized in the table below.
New Alternatives Technical Analysis
New Alternatives' future price can be derived by breaking down and analyzing its technical indicators over time. New Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of New Alternatives Fund. In general, you should focus on analyzing New Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
New Alternatives Predictive Forecast Models
New Alternatives' time-series forecasting models is one of many New Alternatives' mutual fund 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 Alternatives' 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 mutual fund market movement and maximize returns from investment trading.
Things to note about New Alternatives
Checking the ongoing alerts about New Alternatives for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for New Alternatives help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| New Alternatives generated a negative expected return over the last 90 days | |
| The fund generated three year return of -8.0% | |
| New Alternatives maintains about 5.61% of its assets in cash |
Other Information on Investing in New Mutual Fund
New Alternatives financial ratios help investors to determine whether New Mutual Fund 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 Alternatives security.
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