New Enant Income Fund Price Patterns
| NCICX Fund | USD 21.48 0.02 0.09% |
Momentum 57
Buy Extended
Oversold | Overbought |
Using New Covenant hype-based prediction, you can estimate the value of New Enant Income from the perspective of New Covenant response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in New Covenant to buy its mutual fund at a price that has no basis in reality. In that case, they are not buying New because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell mutual funds at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
New Covenant after-hype prediction price | USD 21.48 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as fund price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
New |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of New Covenant's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
New Covenant After-Hype Price Density Analysis
As far as predicting the price of New Covenant at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in New Covenant or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Mutual Fund prices, such as prices of New Covenant, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
New Covenant Estimiated After-Hype Price Volatility
In the context of predicting New Covenant's mutual fund value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on New Covenant's historical news coverage. New Covenant's after-hype downside and upside margins for the prediction period are 21.35 and 21.61, respectively. We have considered New Covenant's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
New Covenant is very steady at this time. Analysis and calculation of next after-hype price of New Enant Income is based on 3 months time horizon.
New Covenant Mutual Fund Price Outlook Analysis
Have you ever been surprised when a price of a Mutual Fund such as New Covenant is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading New Covenant backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Fund price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with New Covenant, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.01 | 0.13 | 0.00 | 0.00 | 17 Events / Month | 6 Events / Month | In about 17 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
21.48 | 21.48 | 0.00 |
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New Covenant Hype Timeline
New Enant Income is now traded for 21.48. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. New is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is now at 0.01%. %. The volatility of related hype on New Covenant is about 361.11%, with the expected price after the next announcement by competition of 21.48. Assuming the 90 days horizon the next forecasted press release will be in about 17 days. Check out New Covenant Basic Forecasting Models to cross-verify your projections.New Covenant Related Hype Analysis
Having access to credible news sources related to New Covenant's direct competition is more important than ever and may enhance your ability to predict New Covenant's future price movements. Getting to know how New Covenant's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how New Covenant may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| PPT | Putnam Premier Income | 0.00 | 8 per month | 0.53 | (0.05) | 1.13 | (1.12) | 2.54 | |
| BGT | BlackRock Floating Rate | 0.05 | 3 per month | 0.75 | (0.10) | 0.64 | (0.97) | 2.87 | |
| GNT | GAMCO Natural Resources | (0.31) | 3 per month | 1.14 | 0.20 | 2.31 | (2.02) | 7.27 | |
| BILTX | Doubleline Infrastructure Income | (0.03) | 14 per month | 0.13 | (0.38) | 0.21 | (0.31) | 0.63 | |
| HIO | Western Asset High | 0.02 | 1 per month | 0.48 | (0.1) | 0.82 | (0.81) | 2.18 | |
| BFZ | BlackRock California Municipal | 0.02 | 9 per month | 0.19 | (0.01) | 0.74 | (0.56) | 1.57 | |
| PSCIX | Palmer Square Ssi | 0.01 | 1 per month | 0.00 | (0.39) | 0.20 | (0.10) | 0.60 | |
| PSCAX | Palmer Square Ssi | (0.09) | 6 per month | 0.00 | (0.55) | 0.10 | (0.10) | 0.30 | |
| FINS | Angel Oak Financial | 0.03 | 7 per month | 0.45 | (0.03) | 0.87 | (0.85) | 2.94 | |
| HPF | John Hancock Preferred | (0.06) | 8 per month | 0.00 | (0.20) | 0.56 | (0.55) | 1.36 |
New Covenant Additional Predictive Modules
Most predictive techniques to examine New price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for New using various technical indicators. When you analyze New charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About New Covenant Predictive Indicators
The successful prediction of New Covenant stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as New Enant Income, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of New Covenant based on analysis of New Covenant hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to New Covenant's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to New Covenant's related companies.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in New Mutual Fund
New Covenant financial ratios help investors to determine whether New 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 New with respect to the benefits of owning New Covenant security.
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