EGX 33 (Egypt) Chance of Future Index Price Finishing Over 3,127
| SHARIAH Index | 3,130 28.16 0.91% |
EGX 33 Target Price Odds to finish over 3,127
The tendency of EGX Index 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 above the current price in 90 days |
| 3,130 | 90 days | 3,130 | about 31.14 |
Based on a normal probability distribution, the odds of EGX 33 to move above the current price in 90 days from now is about 31.14 (This EGX 33 Shariah probability density function shows the probability of EGX Index to fall within a particular range of prices over 90 days) .
EGX 33 Price Density |
| Price |
Predictive Modules for EGX 33
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EGX 33 Shariah. Regardless of method or technology, however, to accurately forecast the index market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the index 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.EGX 33 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. EGX 33 is not an exception. The market had few large corrections towards the EGX 33'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 EGX 33 Shariah, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EGX 33 within the framework of very fundamental risk indicators.EGX 33 Technical Analysis
EGX 33's future price can be derived by breaking down and analyzing its technical indicators over time. EGX Index technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of EGX 33 Shariah. In general, you should focus on analyzing EGX Index price patterns and their correlations with different microeconomic environments and drivers.
EGX 33 Predictive Forecast Models
EGX 33's time-series forecasting models is one of many EGX 33's index 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 EGX 33'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 index 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 EGX 33 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, EGX 33's short interest history, or implied volatility extrapolated from EGX 33 options trading.