New York Municipal Fund Odds of Future Mutual Fund Price Finishing Over 13.37
| ANMCX Fund | USD 13.37 0.03 0.22% |
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New York Target Price Odds to finish over 13.37
The tendency of New Mutual 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 above the current price in 90 days |
| 13.37 | 90 days | 13.37 | about 75.58 |
Based on a normal probability distribution, the odds of New York to move above the current price in 90 days from now is about 75.58 (This New York Municipal probability density function shows the probability of New Mutual Fund to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon New York has a beta of 0.0709. This suggests as returns on the market go up, New York average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding New York Municipal will be expected to be much smaller as well. Additionally New York Municipal has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. New York Price Density |
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Predictive Modules for New York
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as New York Municipal. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual 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 New York'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 York Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. New York is not an exception. The market had few large corrections towards the New York'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 New York Municipal, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of New York within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.02 | |
β | Beta against NYSE Composite | 0.07 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | -0.74 |
New York 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 New York for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for New York Municipal can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| New York Municipal generated a negative expected return over the last 90 days | |
| The fund generated three year return of -1.0% | |
| New York Municipal holds most of the assets under management (AUM) in different types of exotic instruments. |
New York Technical Analysis
New York's future price can be derived by breaking down and analyzing its technical indicators over time. New Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of New York Municipal. In general, you should focus on analyzing New Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
New York Predictive Forecast Models
New York's time-series forecasting models is one of many New York's mutual 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 New York'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 mutual fund market movement and maximize returns from investment trading.
Things to note about New York Municipal
Checking the ongoing alerts about New York for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for New York Municipal help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| New York Municipal generated a negative expected return over the last 90 days | |
| The fund generated three year return of -1.0% | |
| New York Municipal holds most of the assets under management (AUM) in different types of exotic instruments. |
Check out New York Backtesting, Portfolio Optimization, New York Correlation, New York Hype Analysis, New York Volatility, New York History as well as New York Performance. Note that the New York Municipal information on this page should be used as a complementary analysis to other New York'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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.