Hotchkis Wiley Global Fund Probability of Future Mutual Fund Price Finishing Over 15.52
| HWGIX Fund | USD 15.74 0.11 0.70% |
Hotchkis |
Hotchkis Wiley Target Price Odds to finish over 15.52
The tendency of Hotchkis 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 stay above $ 15.52 in 90 days |
| 15.74 | 90 days | 15.52 | about 53.85 |
Based on a normal probability distribution, the odds of Hotchkis Wiley to stay above $ 15.52 in 90 days from now is about 53.85 (This Hotchkis Wiley Global probability density function shows the probability of Hotchkis Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Hotchkis Wiley Global price to stay between $ 15.52 and its current price of $15.74 at the end of the 90-day period is about 26.85 .
Assuming the 90 days horizon Hotchkis Wiley has a beta of 0.86. This usually indicates Hotchkis Wiley Global market returns are sensitive to returns on the market. As the market goes up or down, Hotchkis Wiley is expected to follow. Additionally Hotchkis Wiley Global 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. Hotchkis Wiley Price Density |
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