Old Westbury Municipal Fund Probability of Future Mutual Fund Price Finishing Over 11.48
| OWMBX Fund | USD 11.54 0.03 0.26% |
Old |
Old Westbury Target Price Odds to finish over 11.48
The tendency of Old 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 stay above $ 11.48 in 90 days |
| 11.54 | 90 days | 11.48 | about 87.79 |
Based on a normal probability distribution, the odds of Old Westbury to stay above $ 11.48 in 90 days from now is about 87.79 (This Old Westbury Municipal probability density function shows the probability of Old Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Old Westbury Municipal price to stay between $ 11.48 and its current price of $11.54 at the end of the 90-day period is about 31.18 .
Assuming the 90 days horizon Old Westbury Municipal has a beta of -0.048. This indicates as returns on the benchmark increase, returns on holding Old Westbury are expected to decrease at a much lower rate. During a bear market, however, Old Westbury Municipal is likely to outperform the market. Additionally Old Westbury Municipal 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. Old Westbury Price Density |
| Price |
Predictive Modules for Old Westbury
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Old Westbury Municipal. 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.Old Westbury Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Old Westbury is not an exception. The market had few large corrections towards the Old Westbury'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 Old Westbury Municipal, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Old Westbury within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0067 | |
β | Beta against Dow Jones | -0.05 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | -0.8 |
Old Westbury 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 Old Westbury for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Old Westbury Municipal can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Old Westbury generated a negative expected return over the last 90 days | |
| The fund generated three year return of 0.0% | |
| Old Westbury Municipal maintains about 5.03% of its assets in cash |
Old Westbury Technical Analysis
Old Westbury's future price can be derived by breaking down and analyzing its technical indicators over time. Old Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Old Westbury Municipal. In general, you should focus on analyzing Old Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Old Westbury Predictive Forecast Models
Old Westbury's time-series forecasting models is one of many Old Westbury'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 Old Westbury'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 Old Westbury Municipal
Checking the ongoing alerts about Old Westbury for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Old Westbury Municipal help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Old Westbury generated a negative expected return over the last 90 days | |
| The fund generated three year return of 0.0% | |
| Old Westbury Municipal maintains about 5.03% of its assets in cash |
Other Information on Investing in Old Mutual Fund
Old Westbury financial ratios help investors to determine whether Old 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 Old with respect to the benefits of owning Old Westbury security.
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