Plumb Equity Fund Probability of Future Mutual Fund Price Finishing Over 42.21
| PLBEX Fund | USD 28.53 0.44 1.57% |
Plumb |
Plumb Equity Target Price Odds to finish over 42.21
The tendency of Plumb 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 over $ 42.21 or more in 90 days |
| 28.53 | 90 days | 42.21 | close to zero percent |
Based on a normal probability distribution, the odds of Plumb Equity to move over $ 42.21 or more in 90 days from now is close to zero percent (This Plumb Equity Fund probability density function shows the probability of Plumb Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Plumb Equity price to stay between its current price of $ 28.53 and $ 42.21 at the end of the 90-day period is about 43.3 .
Assuming the 90 days horizon the mutual fund has the beta coefficient of 1.22 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Plumb Equity will likely underperform. Additionally Plumb Equity Fund has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Plumb Equity Price Density |
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Predictive Modules for Plumb Equity
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Plumb Equity. 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 Plumb Equity'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.
Plumb Equity Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Plumb Equity is not an exception. The market had few large corrections towards the Plumb Equity'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 Plumb Equity Fund, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Plumb Equity within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.0027 | |
β | Beta against NYSE Composite | 1.22 | |
σ | Overall volatility | 0.77 | |
Ir | Information ratio | 0.01 |
Plumb Equity 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 Plumb Equity for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Plumb Equity can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.Plumb Equity Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Plumb Mutual Fund often depends not only on the future outlook of the current and potential Plumb Equity's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Plumb Equity's indicators that are reflective of the short sentiment are summarized in the table below.
Plumb Equity Technical Analysis
Plumb Equity's future price can be derived by breaking down and analyzing its technical indicators over time. Plumb Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Plumb Equity Fund. In general, you should focus on analyzing Plumb Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Plumb Equity Predictive Forecast Models
Plumb Equity's time-series forecasting models is one of many Plumb Equity'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 Plumb Equity'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 Plumb Equity
Checking the ongoing alerts about Plumb Equity for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Plumb Equity help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Check out Plumb Equity Backtesting, Portfolio Optimization, Plumb Equity Correlation, Plumb Equity Hype Analysis, Plumb Equity Volatility, Plumb Equity History as well as Plumb Equity Performance. Note that the Plumb Equity information on this page should be used as a complementary analysis to other Plumb Equity'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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.