Egpt Etf Chance of Future Etf Price Finishing Under 21.22
| EGPT Etf | USD 21.48 0.00 0.00% |
EGPT |
EGPT Target Price Odds to finish below 21.22
The tendency of EGPT 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 $ 21.22 or more in 90 days |
| 21.48 | 90 days | 21.22 | about 5.64 |
Based on a normal probability distribution, the odds of EGPT to drop to $ 21.22 or more in 90 days from now is about 5.64 (This EGPT probability density function shows the probability of EGPT Etf to fall within a particular range of prices over 90 days) . Probability of EGPT price to stay between $ 21.22 and its current price of $21.48 at the end of the 90-day period is about 1.19 .
Given the investment horizon of 90 days EGPT has a beta of 0.42 suggesting as returns on the market go up, EGPT average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding EGPT will be expected to be much smaller as well. Additionally EGPT has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. EGPT Price Density |
| Price |
Predictive Modules for EGPT
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EGPT. 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 EGPT'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.
EGPT Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. EGPT is not an exception. The market had few large corrections towards the EGPT'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 EGPT, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EGPT within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.15 | |
β | Beta against NYSE Composite | 0.42 | |
σ | Overall volatility | 2.68 | |
Ir | Information ratio | -0.04 |
EGPT 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 EGPT for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for EGPT can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| EGPT is not yet fully synchronised with the market data | |
| EGPT generated a negative expected return over the last 90 days | |
| EGPT has high historical volatility and very poor performance | |
| This fund created-9.0 ten year return of -9.0% | |
| EGPT retains 89.66% of its assets under management (AUM) in equities |
EGPT Technical Analysis
EGPT's future price can be derived by breaking down and analyzing its technical indicators over time. EGPT Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of EGPT. In general, you should focus on analyzing EGPT Etf price patterns and their correlations with different microeconomic environments and drivers.
EGPT Predictive Forecast Models
EGPT's time-series forecasting models is one of many EGPT'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 EGPT'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 EGPT
Checking the ongoing alerts about EGPT for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for EGPT help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| EGPT is not yet fully synchronised with the market data | |
| EGPT generated a negative expected return over the last 90 days | |
| EGPT has high historical volatility and very poor performance | |
| This fund created-9.0 ten year return of -9.0% | |
| EGPT retains 89.66% of its assets under management (AUM) in equities |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
The market value of EGPT is measured differently than its book value, which is the value of EGPT that is recorded on the company's balance sheet. Investors also form their own opinion of EGPT's value that differs from its market value or its book value, called intrinsic value, which is EGPT'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 EGPT's market value can be influenced by many factors that don't directly affect EGPT'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 EGPT's value and its price as these two are different measures arrived at by different means. Investors typically determine if EGPT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EGPT'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.