Fundx Aggressive Etf Probability of Future Etf Price Finishing Under 71.72
| XNAV Etf | USD 72.79 0.60 0.83% |
FundX |
FundX Aggressive Target Price Odds to finish below 71.72
The tendency of FundX 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 drop to $ 71.72 or more in 90 days |
| 72.79 | 90 days | 71.72 | about 84.97 |
Based on a normal probability distribution, the odds of FundX Aggressive to drop to $ 71.72 or more in 90 days from now is about 84.97 (This FundX Aggressive ETF probability density function shows the probability of FundX Etf to fall within a particular range of prices over 90 days) . Probability of FundX Aggressive ETF price to stay between $ 71.72 and its current price of $72.79 at the end of the 90-day period is about 7.65 .
Given the investment horizon of 90 days the etf has the beta coefficient of 1.12 . This entails FundX Aggressive ETF market returns are correlated to returns on the market. As the market goes up or down, FundX Aggressive is expected to follow. Additionally FundX Aggressive ETF 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. FundX Aggressive Price Density |
| Price |
Predictive Modules for FundX Aggressive
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as FundX Aggressive ETF. 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.FundX Aggressive Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. FundX Aggressive is not an exception. The market had few large corrections towards the FundX Aggressive'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 FundX Aggressive ETF, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of FundX Aggressive within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.01 | |
β | Beta against Dow Jones | 1.12 | |
σ | Overall volatility | 2.56 | |
Ir | Information ratio | 0.0002 |
FundX Aggressive 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 FundX Aggressive for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for FundX Aggressive ETF can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Latest headline from news.google.com: Investment Analysis - Stock Traders Daily |
FundX Aggressive 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 FundX Etf often depends not only on the future outlook of the current and potential FundX Aggressive'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. FundX Aggressive's indicators that are reflective of the short sentiment are summarized in the table below.
FundX Aggressive Technical Analysis
FundX Aggressive's future price can be derived by breaking down and analyzing its technical indicators over time. FundX Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of FundX Aggressive ETF. In general, you should focus on analyzing FundX Etf price patterns and their correlations with different microeconomic environments and drivers.
FundX Aggressive Predictive Forecast Models
FundX Aggressive's time-series forecasting models is one of many FundX Aggressive'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 FundX Aggressive'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 FundX Aggressive ETF
Checking the ongoing alerts about FundX Aggressive for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for FundX Aggressive ETF help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Latest headline from news.google.com: Investment Analysis - Stock Traders Daily |
Check out FundX Aggressive Backtesting, Portfolio Optimization, FundX Aggressive Correlation, FundX Aggressive Hype Analysis, FundX Aggressive Volatility, FundX Aggressive History as well as FundX Aggressive Performance. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
The market value of FundX Aggressive ETF is measured differently than its book value, which is the value of FundX that is recorded on the company's balance sheet. Investors also form their own opinion of FundX Aggressive's value that differs from its market value or its book value, called intrinsic value, which is FundX Aggressive'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 FundX Aggressive's market value can be influenced by many factors that don't directly affect FundX Aggressive'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 FundX Aggressive's value and its price as these two are different measures arrived at by different means. Investors typically determine if FundX Aggressive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FundX Aggressive'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.