WFIDTX Fund Quote

CIT FlexPATH Index is currently unavailable and cannot be used in your analysis. The information on this page reflects the last day CIT FlexPATH was actively traded.

CIT FlexPATH Fund Profile

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Legal NameCIT FlexPATH Index
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of CIT FlexPATH's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedOvervalued
CIT FlexPATH Index [WFIDTX] is traded in USA and was established 19th of September 2021. The fund is listed under null category and is part of null family.
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CIT FlexPATH Target Price Odds Analysis

What are CIT FlexPATH's target price odds to finish over the current price? Based on a normal probability distribution, the odds of CIT FlexPATH jumping above the current price in 90 days from now is about 92.88%. The CIT FlexPATH Index probability density function shows the probability of CIT FlexPATH fund to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon CIT FlexPATH Index has a beta of -0.059. This entails as returns on benchmark increase, returns on holding CIT FlexPATH are expected to decrease at a much lower rate. During the bear market, however, CIT FlexPATH Index is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. CIT FlexPATH Index is significantly underperforming DOW.
 Odds Down 13.73HorizonTargetOdds Up 13.73 
6.81%90 days
Based on a normal probability distribution, the odds of CIT FlexPATH to move above the current price in 90 days from now is about 92.88 (This CIT FlexPATH Index probability density function shows the probability of WFIDTX Fund to fall within a particular range of prices over 90 days) .

CIT FlexPATH Index Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. CIT FlexPATH market risk premium is the additional return an investor will receive from holding CIT FlexPATH long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in CIT FlexPATH. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although CIT FlexPATH's alpha and beta are two of the key measurements used to evaluate CIT FlexPATH's performance over the market, the standard measures of volatility play an important role as well.

CIT FlexPATH Against Markets

Picking the right benchmark for CIT FlexPATH fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in CIT FlexPATH fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for CIT FlexPATH is critical whether you are bullish or bearish towards CIT FlexPATH Index at a given time.

View Currently Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CIT FlexPATH fund to make a market-neutral strategy. Peer analysis of CIT FlexPATH could also be used in its relative valuation, which is a method of valuing CIT FlexPATH by comparing valuation metrics with similar companies.
Check out Your Current Watchlist. Note that the CIT FlexPATH Index information on this page should be used as a complementary analysis to other CIT FlexPATH'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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Other Tools for WFIDTX Fund

When running CIT FlexPATH Index price analysis, check to measure CIT FlexPATH's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CIT FlexPATH is operating at the current time. Most of CIT FlexPATH's value examination focuses on studying past and present price action to predict the probability of CIT FlexPATH's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move CIT FlexPATH's price. Additionally, you may evaluate how the addition of CIT FlexPATH to your portfolios can decrease your overall portfolio volatility.
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