Microsectorstm Oil Gas Etf Probability of Future Etf Price Finishing Under 13.68
| OILD Etf | USD 13.52 0.18 1.31% |
MicroSectorsTM |
MicroSectorsTM Oil Target Price Odds to finish below 13.68
The tendency of MicroSectorsTM 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 under $ 13.68 after 90 days |
| 13.52 | 90 days | 13.68 | about 9.97 |
Based on a normal probability distribution, the odds of MicroSectorsTM Oil to stay under $ 13.68 after 90 days from now is about 9.97 (This MicroSectorsTM Oil Gas probability density function shows the probability of MicroSectorsTM Etf to fall within a particular range of prices over 90 days) . Probability of MicroSectorsTM Oil Gas price to stay between its current price of $ 13.52 and $ 13.68 at the end of the 90-day period is about 1.46 .
Given the investment horizon of 90 days MicroSectorsTM Oil Gas has a beta of -2.08. This indicates as returns on its benchmark rise, returns on holding MicroSectorsTM Oil Gas are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, MicroSectorsTM Oil is expected to outperform its benchmark. Additionally MicroSectorsTM Oil Gas has an alpha of 0.0397, implying that it can generate a 0.0397 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). MicroSectorsTM Oil Price Density |
| Price |
Predictive Modules for MicroSectorsTM Oil
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MicroSectorsTM Oil Gas. 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.MicroSectorsTM Oil Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MicroSectorsTM Oil is not an exception. The market had few large corrections towards the MicroSectorsTM Oil'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 MicroSectorsTM Oil Gas, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MicroSectorsTM Oil within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.04 | |
β | Beta against Dow Jones | -2.08 | |
σ | Overall volatility | 1.82 | |
Ir | Information ratio | -0.09 |
MicroSectorsTM Oil 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 MicroSectorsTM Oil for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MicroSectorsTM Oil Gas can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| MicroSectorsTM Oil generated a negative expected return over the last 90 days | |
| MicroSectorsTM Oil has high historical volatility and very poor performance | |
| The fund created three year return of -64.0% | |
| MicroSectorsTM Oil Gas maintains all of its assets in stocks |
MicroSectorsTM Oil Technical Analysis
MicroSectorsTM Oil's future price can be derived by breaking down and analyzing its technical indicators over time. MicroSectorsTM Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MicroSectorsTM Oil Gas. In general, you should focus on analyzing MicroSectorsTM Etf price patterns and their correlations with different microeconomic environments and drivers.
MicroSectorsTM Oil Predictive Forecast Models
MicroSectorsTM Oil's time-series forecasting models is one of many MicroSectorsTM Oil'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 MicroSectorsTM Oil'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 MicroSectorsTM Oil Gas
Checking the ongoing alerts about MicroSectorsTM Oil for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MicroSectorsTM Oil Gas help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| MicroSectorsTM Oil generated a negative expected return over the last 90 days | |
| MicroSectorsTM Oil has high historical volatility and very poor performance | |
| The fund created three year return of -64.0% | |
| MicroSectorsTM Oil Gas maintains all of its assets in stocks |
Check out MicroSectorsTM Oil Backtesting, Portfolio Optimization, MicroSectorsTM Oil Correlation, MicroSectorsTM Oil Hype Analysis, MicroSectorsTM Oil Volatility, MicroSectorsTM Oil History as well as MicroSectorsTM Oil Performance. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
The market value of MicroSectorsTM Oil Gas is measured differently than its book value, which is the value of MicroSectorsTM that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectorsTM Oil's value that differs from its market value or its book value, called intrinsic value, which is MicroSectorsTM Oil's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MicroSectorsTM Oil's market value can be influenced by many factors that don't directly affect MicroSectorsTM Oil's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MicroSectorsTM Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectorsTM Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectorsTM Oil's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.