Psagot Index (Israel) Probability of Future Etf Price Finishing Over 365.46
| PSG-F14 Etf | ILA 358.63 0.09 0.03% |
Psagot |
Psagot Index Target Price Odds to finish over 365.46
The tendency of Psagot 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 move over 365.46 or more in 90 days |
| 358.63 | 90 days | 365.46 | near 1 |
Based on a normal probability distribution, the odds of Psagot Index to move over 365.46 or more in 90 days from now is near 1 (This Psagot Index Funds probability density function shows the probability of Psagot Etf to fall within a particular range of prices over 90 days) . Probability of Psagot Index Funds price to stay between its current price of 358.63 and 365.46 at the end of the 90-day period is about 13.15 .
Assuming the 90 days trading horizon Psagot Index Funds has a beta of -0.0522 indicating as returns on the benchmark increase, returns on holding Psagot Index are expected to decrease at a much lower rate. During a bear market, however, Psagot Index Funds is likely to outperform the market. Additionally Psagot Index Funds has an alpha of 0.0061, implying that it can generate a 0.006089 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Psagot Index Price Density |
| Price |
Predictive Modules for Psagot Index
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Psagot Index Funds. 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 Psagot Index'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.
Psagot Index Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Psagot Index is not an exception. The market had few large corrections towards the Psagot Index'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 Psagot Index Funds, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Psagot Index within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.01 | |
β | Beta against NYSE Composite | -0.05 | |
σ | Overall volatility | 2.35 | |
Ir | Information ratio | -0.37 |
Psagot Index Technical Analysis
Psagot Index's future price can be derived by breaking down and analyzing its technical indicators over time. Psagot Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Psagot Index Funds. In general, you should focus on analyzing Psagot Etf price patterns and their correlations with different microeconomic environments and drivers.
Psagot Index Predictive Forecast Models
Psagot Index's time-series forecasting models is one of many Psagot Index'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 Psagot Index'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 Psagot Index 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, Psagot Index's short interest history, or implied volatility extrapolated from Psagot Index options trading.
Check out Psagot Index Backtesting, Portfolio Optimization, Psagot Index Correlation, Psagot Index Hype Analysis, Psagot Index Volatility, Psagot Index History as well as Psagot Index Performance. Note that the Psagot Index Funds information on this page should be used as a complementary analysis to other Psagot Index'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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Please note, there is a significant difference between Psagot Index's value and its price as these two are different measures arrived at by different means. Investors typically determine if Psagot Index is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Psagot Index'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.