The Community Development Fund Probability of Future Mutual Fund Price Finishing Over 8.7
CDCDX Fund | USD 8.69 0.01 0.12% |
Community |
Community Development Target Price Odds to finish over 8.7
The tendency of Community Mutual 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 over $ 8.70 or more in 90 days |
8.69 | 90 days | 8.70 | about 91.7 |
Based on a normal probability distribution, the odds of Community Development to move over $ 8.70 or more in 90 days from now is about 91.7 (This The Community Development probability density function shows the probability of Community Mutual Fund to fall within a particular range of prices over 90 days) . Probability of The Community Development price to stay between its current price of $ 8.69 and $ 8.70 at the end of the 90-day period is under 4.
Assuming the 90 days horizon Community Development has a beta of 0.15 suggesting as returns on the market go up, Community Development average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding The Community Development will be expected to be much smaller as well. Additionally The Community Development has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Community Development Price Density |
Price |
Predictive Modules for Community Development
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as The Community Development. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual 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 Community Development'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.
Community Development Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Community Development is not an exception. The market had few large corrections towards the Community Development'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 The Community Development, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Community Development within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.03 | |
β | Beta against NYSE Composite | 0.15 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | -0.41 |
Community Development 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 Community Development for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for The Community Development can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.Community Development generated a negative expected return over the last 90 days | |
The fund generated three year return of -2.0% | |
The Community Development holds about 5.74% of its assets under management (AUM) in cash |
Community Development Technical Analysis
Community Development's future price can be derived by breaking down and analyzing its technical indicators over time. Community Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of The Community Development. In general, you should focus on analyzing Community Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Community Development Predictive Forecast Models
Community Development's time-series forecasting models is one of many Community Development's mutual 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 Community Development'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 mutual fund market movement and maximize returns from investment trading.
Things to note about The Community Development
Checking the ongoing alerts about Community Development for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for The Community Development help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Community Development generated a negative expected return over the last 90 days | |
The fund generated three year return of -2.0% | |
The Community Development holds about 5.74% of its assets under management (AUM) in cash |
Check out Community Development Backtesting, Portfolio Optimization, Community Development Correlation, Community Development Hype Analysis, Community Development Volatility, Community Development History as well as Community Development Performance. Note that the The Community Development information on this page should be used as a complementary analysis to other Community Development'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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.