Sparindex INDEX (Denmark) Probability of Future Fund Price Finishing Over 284.90
SPIC25KL | DKK 284.90 1.40 0.49% |
Sparindex |
Sparindex INDEX Target Price Odds to finish over 284.90
The tendency of Sparindex 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 |
284.90 | 90 days | 284.90 | about 29.95 |
Based on a normal probability distribution, the odds of Sparindex INDEX to move above the current price in 90 days from now is about 29.95 (This Sparindex INDEX OMX probability density function shows the probability of Sparindex Fund to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Sparindex INDEX OMX has a beta of -0.0335. This usually implies as returns on benchmark increase, returns on holding Sparindex INDEX are expected to decrease at a much lower rate. During the bear market, however, Sparindex INDEX OMX is likely to outperform the market. Additionally Sparindex INDEX OMX has an alpha of 0.0243, implying that it can generate a 0.0243 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Sparindex INDEX Price Density |
Price |
Predictive Modules for Sparindex 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 Sparindex INDEX OMX. Regardless of method or technology, however, to accurately forecast the fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the 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 Sparindex 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.
Sparindex INDEX Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sparindex INDEX is not an exception. The market had few large corrections towards the Sparindex 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 Sparindex INDEX OMX, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sparindex INDEX within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.02 | |
β | Beta against NYSE Composite | -0.03 | |
σ | Overall volatility | 7.15 | |
Ir | Information ratio | -0.09 |
Sparindex INDEX Technical Analysis
Sparindex INDEX's future price can be derived by breaking down and analyzing its technical indicators over time. Sparindex Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sparindex INDEX OMX. In general, you should focus on analyzing Sparindex Fund price patterns and their correlations with different microeconomic environments and drivers.
Sparindex INDEX Predictive Forecast Models
Sparindex INDEX's time-series forecasting models is one of many Sparindex INDEX's 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 Sparindex 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 fund 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 Sparindex 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, Sparindex INDEX's short interest history, or implied volatility extrapolated from Sparindex INDEX options trading.
Check out Sparindex INDEX Backtesting, Portfolio Optimization, Sparindex INDEX Correlation, Sparindex INDEX Hype Analysis, Sparindex INDEX Volatility, Sparindex INDEX History as well as Sparindex INDEX Performance. Note that the Sparindex INDEX OMX information on this page should be used as a complementary analysis to other Sparindex 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Sparindex Fund analysis
When running Sparindex INDEX's price analysis, check to measure Sparindex INDEX'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 Sparindex INDEX is operating at the current time. Most of Sparindex INDEX's value examination focuses on studying past and present price action to predict the probability of Sparindex INDEX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sparindex INDEX's price. Additionally, you may evaluate how the addition of Sparindex INDEX to your portfolios can decrease your overall portfolio volatility.
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