Sparindex INDEX (Denmark) Probability of Future Fund Price Finishing Over 271.17
| SPIC25KL | DKK 271.60 1.10 0.41% |
Sparindex |
Sparindex INDEX Target Price Odds to finish over 271.17
The tendency of Sparindex 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 kr 271.17 in 90 days |
| 271.60 | 90 days | 271.17 | about 88.76 |
Based on a normal probability distribution, the odds of Sparindex INDEX to stay above kr 271.17 in 90 days from now is about 88.76 (This Sparindex INDEX OMX probability density function shows the probability of Sparindex Fund to fall within a particular range of prices over 90 days) . Probability of Sparindex INDEX OMX price to stay between kr 271.17 and its current price of kr271.6 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Sparindex INDEX has a beta of 0.0225. This usually implies as returns on the market go up, Sparindex INDEX average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Sparindex INDEX OMX will be expected to be much smaller as well. Additionally Sparindex INDEX OMX 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. Sparindex INDEX Price Density |
| Price |
Predictive Modules for Sparindex INDEX
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sparindex INDEX OMX. Regardless of method or technology, however, to accurately forecast the fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the 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.Sparindex INDEX Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sparindex INDEX is not an exception. The market had few large corrections towards the Sparindex INDEX'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 Sparindex INDEX OMX, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sparindex INDEX within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.12 | |
β | Beta against Dow Jones | 0.02 | |
σ | Overall volatility | 9.12 | |
Ir | Information ratio | -0.3 |
Sparindex INDEX 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 Sparindex INDEX for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sparindex INDEX OMX can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sparindex INDEX OMX generated a negative expected return over the last 90 days |
Sparindex INDEX Technical Analysis
Sparindex INDEX's future price can be derived by breaking down and analyzing its technical indicators over time. Sparindex Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sparindex INDEX OMX. In general, you should focus on analyzing Sparindex Fund price patterns and their correlations with different microeconomic environments and drivers.
Sparindex INDEX Predictive Forecast Models
Sparindex INDEX's time-series forecasting models is one of many Sparindex INDEX's 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 Sparindex INDEX'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 fund market movement and maximize returns from investment trading.
Things to note about Sparindex INDEX OMX
Checking the ongoing alerts about Sparindex INDEX for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sparindex INDEX OMX help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sparindex INDEX OMX generated a negative expected return over the last 90 days |
Other Information on Investing in Sparindex Fund
Sparindex INDEX financial ratios help investors to determine whether Sparindex 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 Sparindex with respect to the benefits of owning Sparindex INDEX security.
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