NEWGOLD EXCHANGE (Nigeria) Probability of Future Stock Price Finishing Over 14,425
| NEWGOLD Stock | 30,000 12,000 28.57% |
NEWGOLD |
NEWGOLD EXCHANGE Target Price Odds to finish over 14,425
The tendency of NEWGOLD Stock 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 above the current price in 90 days |
| 30,000 | 90 days | 30,000 | about 34.2 |
Based on a normal probability distribution, the odds of NEWGOLD EXCHANGE to move above the current price in 90 days from now is about 34.2 (This NEWGOLD EXCHANGE TRADED probability density function shows the probability of NEWGOLD Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon NEWGOLD EXCHANGE TRADED has a beta of -2.71. This indicates as returns on its benchmark rise, returns on holding NEWGOLD EXCHANGE TRADED are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, NEWGOLD EXCHANGE is expected to outperform its benchmark. Additionally NEWGOLD EXCHANGE TRADED has an alpha of 0.6371, implying that it can generate a 0.64 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NEWGOLD EXCHANGE Price Density |
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Predictive Modules for NEWGOLD EXCHANGE
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NEWGOLD EXCHANGE TRADED. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock 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.NEWGOLD EXCHANGE Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NEWGOLD EXCHANGE is not an exception. The market had few large corrections towards the NEWGOLD EXCHANGE'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 NEWGOLD EXCHANGE TRADED, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NEWGOLD EXCHANGE within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.64 | |
β | Beta against Dow Jones | -2.71 | |
σ | Overall volatility | 2,451 | |
Ir | Information ratio | 0.07 |
NEWGOLD EXCHANGE 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 NEWGOLD EXCHANGE for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NEWGOLD EXCHANGE TRADED can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NEWGOLD EXCHANGE is way too risky over 90 days horizon | |
| NEWGOLD EXCHANGE appears to be risky and price may revert if volatility continues |
NEWGOLD EXCHANGE Technical Analysis
NEWGOLD EXCHANGE's future price can be derived by breaking down and analyzing its technical indicators over time. NEWGOLD Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NEWGOLD EXCHANGE TRADED. In general, you should focus on analyzing NEWGOLD Stock price patterns and their correlations with different microeconomic environments and drivers.
NEWGOLD EXCHANGE Predictive Forecast Models
NEWGOLD EXCHANGE's time-series forecasting models is one of many NEWGOLD EXCHANGE's stock 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 NEWGOLD EXCHANGE'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 stock market movement and maximize returns from investment trading.
Things to note about NEWGOLD EXCHANGE TRADED
Checking the ongoing alerts about NEWGOLD EXCHANGE for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NEWGOLD EXCHANGE TRADED help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.