Firsthand Technology Opportunities Fund Probability of Future Mutual Fund Price Finishing Under 3.85
| TEFQX Fund | USD 3.92 0.03 0.76% |
FIRSTHAND |
Firsthand Technology Target Price Odds to finish below 3.85
The tendency of FIRSTHAND 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 drop to $ 3.85 or more in 90 days |
| 3.92 | 90 days | 3.85 | about 86.82 |
Based on a normal probability distribution, the odds of Firsthand Technology to drop to $ 3.85 or more in 90 days from now is about 86.82 (This Firsthand Technology Opportunities probability density function shows the probability of FIRSTHAND Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Firsthand Technology price to stay between $ 3.85 and its current price of $3.92 at the end of the 90-day period is about 7.12 .
Assuming the 90 days horizon the mutual fund has the beta coefficient of 1.44 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Firsthand Technology will likely underperform. Additionally Firsthand Technology Opportunities 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. Firsthand Technology Price Density |
| Price |
Predictive Modules for Firsthand Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Firsthand Technology. 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.Firsthand Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Firsthand Technology is not an exception. The market had few large corrections towards the Firsthand Technology'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 Firsthand Technology Opportunities, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Firsthand Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | 1.44 | |
σ | Overall volatility | 0.16 | |
Ir | Information ratio | -0.0009 |
Firsthand Technology 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 Firsthand Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Firsthand Technology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Firsthand Technology generated five year return of -10.0% | |
| This fund maintains 99.57% of its assets in stocks |
Firsthand Technology Technical Analysis
Firsthand Technology's future price can be derived by breaking down and analyzing its technical indicators over time. FIRSTHAND Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Firsthand Technology Opportunities. In general, you should focus on analyzing FIRSTHAND Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Firsthand Technology Predictive Forecast Models
Firsthand Technology's time-series forecasting models is one of many Firsthand Technology'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 Firsthand Technology'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 Firsthand Technology
Checking the ongoing alerts about Firsthand Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Firsthand Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Firsthand Technology generated five year return of -10.0% | |
| This fund maintains 99.57% of its assets in stocks |
Other Information on Investing in FIRSTHAND Mutual Fund
Firsthand Technology financial ratios help investors to determine whether FIRSTHAND 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 FIRSTHAND with respect to the benefits of owning Firsthand Technology security.
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