Bright Rock Quality Fund Probability of Future Mutual Fund Price Finishing Under 18.12
| BQLCX Fund | USD 21.94 0.01 0.05% |
Bright |
Bright Rock Target Price Odds to finish below 18.12
The tendency of Bright 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 drop to $ 18.12 or more in 90 days |
| 21.94 | 90 days | 18.12 | near 1 |
Based on a normal probability distribution, the odds of Bright Rock to drop to $ 18.12 or more in 90 days from now is near 1 (This Bright Rock Quality probability density function shows the probability of Bright Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Bright Rock Quality price to stay between $ 18.12 and its current price of $21.94 at the end of the 90-day period is about 39.35 .
Assuming the 90 days horizon Bright Rock Quality has a beta of -0.12 suggesting as returns on the benchmark increase, returns on holding Bright Rock are expected to decrease at a much lower rate. During a bear market, however, Bright Rock Quality is likely to outperform the market. Additionally Bright Rock Quality has an alpha of 0.0673, implying that it can generate a 0.0673 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Bright Rock Price Density |
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Predictive Modules for Bright Rock
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bright Rock Quality. 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 Bright Rock'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.
Bright Rock Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bright Rock is not an exception. The market had few large corrections towards the Bright Rock'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 Bright Rock Quality, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bright Rock within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.07 | |
β | Beta against NYSE Composite | -0.12 | |
σ | Overall volatility | 0.52 | |
Ir | Information ratio | 0 |
Bright Rock 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 Bright Rock for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bright Rock Quality can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The fund holds 99.74% of its assets under management (AUM) in equities |
Bright Rock Technical Analysis
Bright Rock's future price can be derived by breaking down and analyzing its technical indicators over time. Bright Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bright Rock Quality. In general, you should focus on analyzing Bright Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Bright Rock Predictive Forecast Models
Bright Rock's time-series forecasting models is one of many Bright Rock'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 Bright Rock'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 Bright Rock Quality
Checking the ongoing alerts about Bright Rock for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bright Rock Quality help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The fund holds 99.74% of its assets under management (AUM) in equities |
Check out Bright Rock Backtesting, Portfolio Optimization, Bright Rock Correlation, Bright Rock Hype Analysis, Bright Rock Volatility, Bright Rock History as well as Bright Rock Performance. Note that the Bright Rock Quality information on this page should be used as a complementary analysis to other Bright Rock'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .