Cambria Global Momentum Etf Probability of Future Etf Price Finishing Over 25.14
| GMOM Etf | USD 28.28 0.33 1.18% |
Cambria |
Cambria Global Target Price Odds to finish over 25.14
The tendency of Cambria 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 stay above $ 25.14 in 90 days |
| 28.28 | 90 days | 25.14 | close to 99 |
Based on a normal probability distribution, the odds of Cambria Global to stay above $ 25.14 in 90 days from now is close to 99 (This Cambria Global Momentum probability density function shows the probability of Cambria Etf to fall within a particular range of prices over 90 days) . Probability of Cambria Global Momentum price to stay between $ 25.14 and its current price of $28.28 at the end of the 90-day period is about 61.08 .
Given the investment horizon of 90 days Cambria Global has a beta of 0.99. This usually indicates Cambria Global Momentum market returns are highly reactive to returns on the market. As the market goes up or down, Cambria Global is expected to follow. Additionally Cambria Global Momentum has an alpha of 0.0037, implying that it can generate a 0.003714 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Cambria Global Price Density |
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Predictive Modules for Cambria 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 Cambria Global Momentum. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cambria 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.
Cambria Global Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cambria Global is not an exception. The market had few large corrections towards the Cambria 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 Cambria Global Momentum, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cambria Global within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0 | |
β | Beta against NYSE Composite | 0.99 | |
σ | Overall volatility | 0.78 | |
Ir | Information ratio | 0 |
Cambria Global Technical Analysis
Cambria Global's future price can be derived by breaking down and analyzing its technical indicators over time. Cambria Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cambria Global Momentum. In general, you should focus on analyzing Cambria Etf price patterns and their correlations with different microeconomic environments and drivers.
Cambria Global Predictive Forecast Models
Cambria Global's time-series forecasting models is one of many Cambria Global'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 Cambria 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 etf 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 Cambria 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, Cambria Global's short interest history, or implied volatility extrapolated from Cambria Global options trading.
Check out Cambria Global Backtesting, Portfolio Optimization, Cambria Global Correlation, Cambria Global Hype Analysis, Cambria Global Volatility, Cambria Global History as well as Cambria Global Performance. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
The market value of Cambria Global Momentum is measured differently than its book value, which is the value of Cambria that is recorded on the company's balance sheet. Investors also form their own opinion of Cambria Global's value that differs from its market value or its book value, called intrinsic value, which is Cambria Global'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 Cambria Global's market value can be influenced by many factors that don't directly affect Cambria Global'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 Cambria Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cambria Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cambria Global'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.