Oil Equipment Services Fund Probability of Future Mutual Fund Price Finishing Under 65.52
| OEPSX Fund | USD 84.75 0.33 0.39% |
Oil |
Oil Equipment Target Price Odds to finish below 65.52
The tendency of Oil 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 $ 65.52 or more in 90 days |
| 84.75 | 90 days | 65.52 | near 1 |
Based on a normal probability distribution, the odds of Oil Equipment to drop to $ 65.52 or more in 90 days from now is near 1 (This Oil Equipment Services probability density function shows the probability of Oil Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Oil Equipment Services price to stay between $ 65.52 and its current price of $84.75 at the end of the 90-day period is about 78.79 .
Assuming the 90 days horizon the mutual fund has the beta coefficient of 2.26 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Oil Equipment will likely underperform. Additionally Oil Equipment Services 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. Oil Equipment Price Density |
| Price |
Predictive Modules for Oil Equipment
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Oil Equipment Services. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oil Equipment's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Oil Equipment Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Oil Equipment is not an exception. The market had few large corrections towards the Oil Equipment'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 Oil Equipment Services, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Oil Equipment within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.3 | |
β | Beta against Dow Jones | 2.26 | |
σ | Overall volatility | 4.57 | |
Ir | Information ratio | -0.05 |
Oil Equipment 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 Oil Equipment for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Oil Equipment Services can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Oil Equipment had very high historical volatility over the last 90 days | |
| Oil Equipment Services generated-22.0 ten year return of -22.0% | |
| This fund maintains about 17.29% of its assets in cash |
Oil Equipment Technical Analysis
Oil Equipment's future price can be derived by breaking down and analyzing its technical indicators over time. Oil Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Oil Equipment Services. In general, you should focus on analyzing Oil Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Oil Equipment Predictive Forecast Models
Oil Equipment's time-series forecasting models is one of many Oil Equipment's 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 Oil Equipment'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 mutual fund market movement and maximize returns from investment trading.
Things to note about Oil Equipment Services
Checking the ongoing alerts about Oil Equipment for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Oil Equipment Services help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Oil Equipment had very high historical volatility over the last 90 days | |
| Oil Equipment Services generated-22.0 ten year return of -22.0% | |
| This fund maintains about 17.29% of its assets in cash |
Other Information on Investing in Oil Mutual Fund
Oil Equipment financial ratios help investors to determine whether Oil 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 Oil with respect to the benefits of owning Oil Equipment security.
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| Volatility Analysis Get historical volatility and risk analysis based on latest market data |