NewWave Platinum (South Africa) Probability of Future Etf Price Finishing Over 16410.0
| NEWPLT Etf | 16,105 298.00 1.82% |
NewWave |
NewWave Platinum Target Price Odds to finish over 16410.0
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 move over 16,410 or more in 90 days |
| 16,105 | 90 days | 16,410 | about 52.52 |
Based on a normal probability distribution, the odds of NewWave Platinum to move over 16,410 or more in 90 days from now is about 52.52 (This NewWave Platinum Exchange probability density function shows the probability of NewWave Etf to fall within a particular range of prices over 90 days) . Probability of NewWave Platinum Exchange price to stay between its current price of 16,105 and 16,410 at the end of the 90-day period is about 23.81 .
Assuming the 90 days trading horizon NewWave Platinum has a beta of 0.0293. This indicates as returns on the market go up, NewWave Platinum average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NewWave Platinum Exchange will be expected to be much smaller as well. Additionally NewWave Platinum Exchange 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 Platinum Price Density |
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Predictive Modules for NewWave Platinum
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 Platinum Exchange. 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.NewWave Platinum Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NewWave Platinum is not an exception. The market had few large corrections towards the NewWave Platinum'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 Platinum Exchange, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NewWave Platinum within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 0.03 | |
σ | Overall volatility | 466.47 | |
Ir | Information ratio | -0.1 |
NewWave Platinum Technical Analysis
NewWave Platinum'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 Platinum Exchange. In general, you should focus on analyzing NewWave Etf price patterns and their correlations with different microeconomic environments and drivers.
NewWave Platinum Predictive Forecast Models
NewWave Platinum's time-series forecasting models is one of many NewWave Platinum'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 Platinum'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NewWave Platinum in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NewWave Platinum's short interest history, or implied volatility extrapolated from NewWave Platinum options trading.