NewFunds Shariah (South Africa) Probability of Future Etf Price Finishing Over 360.00
| STXSHA Etf | 360.00 1.00 0.28% |
NewFunds |
NewFunds Shariah Target Price Odds to finish over 360.00
The tendency of NewFunds 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 above the current price in 90 days |
| 360.00 | 90 days | 360.00 | about 72.17 |
Based on a normal probability distribution, the odds of NewFunds Shariah to move above the current price in 90 days from now is about 72.17 (This NewFunds Shariah Top probability density function shows the probability of NewFunds Etf to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon NewFunds Shariah has a beta of 0.0735. This usually implies as returns on the market go up, NewFunds Shariah average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NewFunds Shariah Top will be expected to be much smaller as well. Additionally NewFunds Shariah Top has an alpha of 0.054, implying that it can generate a 0.054 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NewFunds Shariah Price Density |
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Predictive Modules for NewFunds Shariah
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NewFunds Shariah Top. 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as NewFunds Shariah. Your research has to be compared to or analyzed against NewFunds Shariah's peers to derive any actionable benefits. When done correctly, NewFunds Shariah's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in NewFunds Shariah Top.NewFunds Shariah Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NewFunds Shariah is not an exception. The market had few large corrections towards the NewFunds Shariah'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 NewFunds Shariah Top, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NewFunds Shariah within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.05 | |
β | Beta against Dow Jones | 0.07 | |
σ | Overall volatility | 11.79 | |
Ir | Information ratio | -0.03 |
NewFunds Shariah 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 NewFunds Shariah for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NewFunds Shariah Top can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NewFunds Shariah Top generated a negative expected return over the last 90 days |
NewFunds Shariah Technical Analysis
NewFunds Shariah's future price can be derived by breaking down and analyzing its technical indicators over time. NewFunds Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NewFunds Shariah Top. In general, you should focus on analyzing NewFunds Etf price patterns and their correlations with different microeconomic environments and drivers.
NewFunds Shariah Predictive Forecast Models
NewFunds Shariah's time-series forecasting models is one of many NewFunds Shariah'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 NewFunds Shariah'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 NewFunds Shariah Top
Checking the ongoing alerts about NewFunds Shariah for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NewFunds Shariah Top help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NewFunds Shariah Top generated a negative expected return over the last 90 days |