Ninepoint Energy Etf Probability of Future Etf Price Finishing Under 45.59
| NNRG Etf | 49.92 0.18 0.36% |
Ninepoint |
Ninepoint Energy Target Price Odds to finish below 45.59
The tendency of Ninepoint 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 drop to 45.59 or more in 90 days |
| 49.92 | 90 days | 45.59 | about 1.84 |
Based on a normal probability distribution, the odds of Ninepoint Energy to drop to 45.59 or more in 90 days from now is about 1.84 (This Ninepoint Energy probability density function shows the probability of Ninepoint Etf to fall within a particular range of prices over 90 days) . Probability of Ninepoint Energy price to stay between 45.59 and its current price of 49.92 at the end of the 90-day period is about 76.58 .
Assuming the 90 days trading horizon Ninepoint Energy has a beta of 0.24. This indicates as returns on the market go up, Ninepoint Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ninepoint Energy will be expected to be much smaller as well. Additionally Ninepoint Energy 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. Ninepoint Energy Price Density |
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Predictive Modules for Ninepoint Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ninepoint Energy. 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.Ninepoint Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ninepoint Energy is not an exception. The market had few large corrections towards the Ninepoint Energy'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 Ninepoint Energy, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ninepoint Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | 0.24 | |
σ | Overall volatility | 1.51 | |
Ir | Information ratio | -0.11 |
Ninepoint Energy Technical Analysis
Ninepoint Energy's future price can be derived by breaking down and analyzing its technical indicators over time. Ninepoint Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ninepoint Energy. In general, you should focus on analyzing Ninepoint Etf price patterns and their correlations with different microeconomic environments and drivers.
Ninepoint Energy Predictive Forecast Models
Ninepoint Energy's time-series forecasting models is one of many Ninepoint Energy'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 Ninepoint Energy'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 Ninepoint Energy 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, Ninepoint Energy's short interest history, or implied volatility extrapolated from Ninepoint Energy options trading.
Other Information on Investing in Ninepoint Etf
Ninepoint Energy financial ratios help investors to determine whether Ninepoint Etf 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 Ninepoint with respect to the benefits of owning Ninepoint Energy security.