Gamco Global Fund Probability of Future Fund Price Finishing Over 5.11
| GGN Fund | USD 4.08 0.07 1.75% |
Gamco |
Gamco Global Target Price Odds to finish over 5.11
The tendency of Gamco 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 move over $ 5.11 or more in 90 days |
| 4.08 | 90 days | 5.11 | near 1 |
Based on a normal probability distribution, the odds of Gamco Global to move over $ 5.11 or more in 90 days from now is near 1 (This Gamco Global probability density function shows the probability of Gamco Fund to fall within a particular range of prices over 90 days) . Probability of Gamco Global price to stay between its current price of $ 4.08 and $ 5.11 at the end of the 90-day period is about 1.64 .
Considering the 90-day investment horizon Gamco Global has a beta of 0.21. This usually indicates as returns on the market go up, Gamco Global average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Gamco Global will be expected to be much smaller as well. Additionally Gamco Global has an alpha of 0.1226, implying that it can generate a 0.12 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Gamco Global Price Density |
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Predictive Modules for Gamco Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Gamco Global. Regardless of method or technology, however, to accurately forecast the fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gamco Global'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.
Gamco Global Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Gamco Global is not an exception. The market had few large corrections towards the Gamco Global'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 Gamco Global, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Gamco Global within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.12 | |
β | Beta against NYSE Composite | 0.21 | |
σ | Overall volatility | 0.15 | |
Ir | Information ratio | 0.11 |
Gamco Global Technical Analysis
Gamco Global's future price can be derived by breaking down and analyzing its technical indicators over time. Gamco Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Gamco Global. In general, you should focus on analyzing Gamco Fund price patterns and their correlations with different microeconomic environments and drivers.
Gamco Global Predictive Forecast Models
Gamco Global's time-series forecasting models is one of many Gamco Global's 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 Gamco Global'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 fund market movement and maximize returns from investment trading.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Gamco Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Gamco Global's short interest history, or implied volatility extrapolated from Gamco Global options trading.
Check out Gamco Global Backtesting, Portfolio Optimization, Gamco Global Correlation, Gamco Global Hype Analysis, Gamco Global Volatility, Gamco Global History as well as Gamco Global Performance. Note that the Gamco Global information on this page should be used as a complementary analysis to other Gamco Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.