Fnga New Stock Odds of Future Stock Price Finishing Over 429.56
FNGA Stock | 433.90 0.00 0.00% |
FNGA New Target Price Odds to finish over 429.56
The tendency of FNGA Stock 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 stay above 429.56 in 90 days |
433.90 | 90 days | 429.56 | about 49.52 |
Based on a normal probability distribution, the odds of FNGA New to stay above 429.56 in 90 days from now is about 49.52 (This FNGA New probability density function shows the probability of FNGA Stock to fall within a particular range of prices over 90 days) . Probability of FNGA New price to stay between 429.56 and its current price of 433.9 at the end of the 90-day period is about 1.66 .
Given the investment horizon of 90 days FNGA New has a beta of -1.33. This usually indicates as returns on its benchmark rise, returns on holding FNGA New are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, FNGA New is expected to outperform its benchmark. Additionally FNGA New has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. FNGA New Price Density |
Price |
Predictive Modules for FNGA New
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as FNGA New. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock 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.FNGA New Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. FNGA New is not an exception. The market had few large corrections towards the FNGA New'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 FNGA New, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of FNGA New within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | -1.33 | |
σ | Overall volatility | 104.10 | |
Ir | Information ratio | -0.06 |
FNGA New 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 FNGA New for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for FNGA New can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.FNGA New is not yet fully synchronised with the market data | |
FNGA New was previously known as MicroSectors FANG Index and was traded on NYSE ARCA Exchange under the symbol FNGU. |
FNGA New Technical Analysis
FNGA New's future price can be derived by breaking down and analyzing its technical indicators over time. FNGA Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of FNGA New. In general, you should focus on analyzing FNGA Stock price patterns and their correlations with different microeconomic environments and drivers.
FNGA New Predictive Forecast Models
FNGA New's time-series forecasting models is one of many FNGA New's stock 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 FNGA New'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 stock market movement and maximize returns from investment trading.
Things to note about FNGA New
Checking the ongoing alerts about FNGA New for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for FNGA New help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
FNGA New is not yet fully synchronised with the market data | |
FNGA New was previously known as MicroSectors FANG Index and was traded on NYSE ARCA Exchange under the symbol FNGU. |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Is Stock space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of FNGA New. If investors know FNGA will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about FNGA New listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of FNGA New is measured differently than its book value, which is the value of FNGA that is recorded on the company's balance sheet. Investors also form their own opinion of FNGA New's value that differs from its market value or its book value, called intrinsic value, which is FNGA New'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 FNGA New's market value can be influenced by many factors that don't directly affect FNGA New'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 FNGA New's value and its price as these two are different measures arrived at by different means. Investors typically determine if FNGA New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FNGA New'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.