Technology Select Sector Etf Probability of Future Etf Price Finishing Under 86.22
| XLK Etf | USD 196.58 2.27 1.14% |
Closest to current price Technology long CALL Option Payoff at Expiration
Technology |
Technology Select Target Price Odds to finish below 86.22
The tendency of Technology 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 drop to $ 86.22 or more in 90 days |
| 196.58 | 90 days | 86.22 | near 1 |
Based on a normal probability distribution, the odds of Technology Select to drop to $ 86.22 or more in 90 days from now is near 1 (This Technology Select Sector probability density function shows the probability of Technology Etf to fall within a particular range of prices over 90 days) . Probability of Technology Select Sector price to stay between $ 86.22 and its current price of $196.58 at the end of the 90-day period is roughly 2.02 .
Considering the 90-day investment horizon Technology Select has a beta of 0.25. This entails as returns on the market go up, Technology Select average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Technology Select Sector will be expected to be much smaller as well. Additionally Technology Select Sector has an alpha of 0.0219, implying that it can generate a 0.0219 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Technology Select Price Density |
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Predictive Modules for Technology Select
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Technology Select Sector. 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 Technology Select'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.
Technology Select Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Technology Select is not an exception. The market had few large corrections towards the Technology Select'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 Technology Select Sector, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Technology Select within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.02 | |
β | Beta against NYSE Composite | 0.25 | |
σ | Overall volatility | 3.97 | |
Ir | Information ratio | -0.02 |
Technology Select 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 Technology Select for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Technology Select Sector can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Technology Select generated a negative expected return over the last 90 days | |
| Latest headline from finance.yahoo.com: Stocks Edge Higher As Earnings Provide Support, Tesla Sinks To 15-Month Lows, Bitcoin Rebounds Whats Driving Markets Thursday | |
| The fund keeps 99.79% of its net assets in stocks |
Technology Select Technical Analysis
Technology Select's future price can be derived by breaking down and analyzing its technical indicators over time. Technology Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Technology Select Sector. In general, you should focus on analyzing Technology Etf price patterns and their correlations with different microeconomic environments and drivers.
Technology Select Predictive Forecast Models
Technology Select's time-series forecasting models is one of many Technology Select'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 Technology Select'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.
Things to note about Technology Select Sector
Checking the ongoing alerts about Technology Select for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Technology Select Sector help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Technology Select generated a negative expected return over the last 90 days | |
| Latest headline from finance.yahoo.com: Stocks Edge Higher As Earnings Provide Support, Tesla Sinks To 15-Month Lows, Bitcoin Rebounds Whats Driving Markets Thursday | |
| The fund keeps 99.79% of its net assets in stocks |
Check out Technology Select Backtesting, Portfolio Optimization, Technology Select Correlation, Technology Select Hype Analysis, Technology Select Volatility, Technology Select History as well as Technology Select Performance. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
The market value of Technology Select Sector is measured differently than its book value, which is the value of Technology that is recorded on the company's balance sheet. Investors also form their own opinion of Technology Select's value that differs from its market value or its book value, called intrinsic value, which is Technology Select's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Technology Select's market value can be influenced by many factors that don't directly affect Technology Select's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Technology Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Technology Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Technology Select'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.