NewWave GBP (South Africa) Probability of Future Etf Price Finishing Over 2309.08
| NEWGBP Etf | 2,312 12.00 0.52% |
NewWave |
NewWave GBP Target Price Odds to finish over 2309.08
The tendency of NewWave 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 stay above 2,309 in 90 days |
| 2,312 | 90 days | 2,309 | about 64.93 |
Based on a normal probability distribution, the odds of NewWave GBP to stay above 2,309 in 90 days from now is about 64.93 (This NewWave GBP Currency probability density function shows the probability of NewWave Etf to fall within a particular range of prices over 90 days) . Probability of NewWave GBP Currency price to stay between 2,309 and its current price of 2312.0 at the end of the 90-day period is nearly 4.47 .
Assuming the 90 days trading horizon NewWave GBP Currency has a beta of -0.13. This indicates as returns on the benchmark increase, returns on holding NewWave GBP are expected to decrease at a much lower rate. During a bear market, however, NewWave GBP Currency is likely to outperform the market. Additionally NewWave GBP Currency 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. NewWave GBP Price Density |
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Predictive Modules for NewWave GBP
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NewWave GBP Currency. 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as NewWave GBP. Your research has to be compared to or analyzed against NewWave GBP's peers to derive any actionable benefits. When done correctly, NewWave GBP's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in NewWave GBP Currency.NewWave GBP Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NewWave GBP is not an exception. The market had few large corrections towards the NewWave GBP'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 NewWave GBP Currency, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NewWave GBP within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | -0.13 | |
σ | Overall volatility | 24.73 | |
Ir | Information ratio | -0.29 |
NewWave GBP 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 NewWave GBP for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NewWave GBP Currency can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NewWave GBP Currency generated a negative expected return over the last 90 days |
NewWave GBP Technical Analysis
NewWave GBP's future price can be derived by breaking down and analyzing its technical indicators over time. NewWave Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NewWave GBP Currency. In general, you should focus on analyzing NewWave Etf price patterns and their correlations with different microeconomic environments and drivers.
NewWave GBP Predictive Forecast Models
NewWave GBP's time-series forecasting models is one of many NewWave GBP'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 NewWave GBP'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 NewWave GBP Currency
Checking the ongoing alerts about NewWave GBP for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NewWave GBP Currency help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NewWave GBP Currency generated a negative expected return over the last 90 days |