Spkx Etf Chance of Future Etf Price Finishing Under 9.05
| SPKX Etf | USD 9.05 0.15 1.63% |
SPKX |
SPKX Target Price Odds to finish below 9.05
The tendency of SPKX 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 move below current price in 90 days |
| 9.05 | 90 days | 9.05 | about 8.66 |
Based on a normal probability distribution, the odds of SPKX to move below current price in 90 days from now is about 8.66 (This SPKX probability density function shows the probability of SPKX Etf to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days SPKX has a beta of 0.32. This usually implies as returns on the market go up, SPKX average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SPKX will be expected to be much smaller as well. Additionally SPKX 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. SPKX Price Density |
| Price |
Predictive Modules for SPKX
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SPKX. 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.SPKX Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. SPKX is not an exception. The market had few large corrections towards the SPKX'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 SPKX, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SPKX within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.76 | |
β | Beta against Dow Jones | 0.32 | |
σ | Overall volatility | 2.28 | |
Ir | Information ratio | -0.29 |
SPKX 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 SPKX for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for SPKX can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| SPKX is not yet fully synchronised with the market data | |
| The fund maintains 85.51% of its assets in stocks |
SPKX Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of SPKX Etf often depends not only on the future outlook of the current and potential SPKX's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. SPKX's indicators that are reflective of the short sentiment are summarized in the table below.
SPKX Technical Analysis
SPKX's future price can be derived by breaking down and analyzing its technical indicators over time. SPKX Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SPKX. In general, you should focus on analyzing SPKX Etf price patterns and their correlations with different microeconomic environments and drivers.
SPKX Predictive Forecast Models
SPKX's time-series forecasting models is one of many SPKX'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 SPKX'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 SPKX
Checking the ongoing alerts about SPKX for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SPKX help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| SPKX is not yet fully synchronised with the market data | |
| The fund maintains 85.51% of its assets in stocks |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
The market value of SPKX is measured differently than its book value, which is the value of SPKX that is recorded on the company's balance sheet. Investors also form their own opinion of SPKX's value that differs from its market value or its book value, called intrinsic value, which is SPKX'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 SPKX's market value can be influenced by many factors that don't directly affect SPKX'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 SPKX's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPKX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPKX'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.