Microsectors Travel 3x Etf Probability of Future Etf Price Finishing Over 62.39
| FLYU Etf | USD 65.06 1.34 2.10% |
MicroSectors |
MicroSectors Travel Target Price Odds to finish over 62.39
The tendency of MicroSectors 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 stay above $ 62.39 in 90 days |
| 65.06 | 90 days | 62.39 | about 5.89 |
Based on a normal probability distribution, the odds of MicroSectors Travel to stay above $ 62.39 in 90 days from now is about 5.89 (This MicroSectors Travel 3X probability density function shows the probability of MicroSectors Etf to fall within a particular range of prices over 90 days) . Probability of MicroSectors Travel price to stay between $ 62.39 and its current price of $65.06 at the end of the 90-day period is roughly 2.48 .
Given the investment horizon of 90 days the etf has the beta coefficient of 3.46 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, MicroSectors Travel will likely underperform. Additionally MicroSectors Travel 3X has an alpha of 0.7155, implying that it can generate a 0.72 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). MicroSectors Travel Price Density |
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Predictive Modules for MicroSectors Travel
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MicroSectors Travel. 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 MicroSectors Travel'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.
MicroSectors Travel Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MicroSectors Travel is not an exception. The market had few large corrections towards the MicroSectors Travel'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 MicroSectors Travel 3X, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MicroSectors Travel within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.72 | |
β | Beta against Dow Jones | 3.46 | |
σ | Overall volatility | 10.30 | |
Ir | Information ratio | 0.30 |
MicroSectors Travel 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 MicroSectors Travel for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MicroSectors Travel can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| MicroSectors Travel appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: Best Leveraged or Inverse ETFs Midway in Q4 - Zacks Investment Research |
MicroSectors Travel Technical Analysis
MicroSectors Travel's future price can be derived by breaking down and analyzing its technical indicators over time. MicroSectors Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MicroSectors Travel 3X. In general, you should focus on analyzing MicroSectors Etf price patterns and their correlations with different microeconomic environments and drivers.
MicroSectors Travel Predictive Forecast Models
MicroSectors Travel's time-series forecasting models is one of many MicroSectors Travel'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 MicroSectors Travel'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 MicroSectors Travel
Checking the ongoing alerts about MicroSectors Travel for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MicroSectors Travel help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| MicroSectors Travel appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: Best Leveraged or Inverse ETFs Midway in Q4 - Zacks Investment Research |
Check out MicroSectors Travel Backtesting, Portfolio Optimization, MicroSectors Travel Correlation, MicroSectors Travel Hype Analysis, MicroSectors Travel Volatility, MicroSectors Travel History as well as MicroSectors Travel Performance. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
The market value of MicroSectors Travel is measured differently than its book value, which is the value of MicroSectors that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectors Travel's value that differs from its market value or its book value, called intrinsic value, which is MicroSectors Travel'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 MicroSectors Travel's market value can be influenced by many factors that don't directly affect MicroSectors Travel'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 MicroSectors Travel's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectors Travel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectors Travel'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.