Spirit Of America Fund Probability of Future Mutual Fund Price Finishing Over 19.38
| SOIUX Fund | 20.59 0.07 0.34% |
Spirit |
Spirit Of Target Price Odds to finish over 19.38
The tendency of Spirit 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 19.38 in 90 days |
| 20.59 | 90 days | 19.38 | close to 99 |
Based on a normal probability distribution, the odds of Spirit Of to stay above 19.38 in 90 days from now is close to 99 (This Spirit Of America probability density function shows the probability of Spirit Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Spirit Of America price to stay between 19.38 and its current price of 20.59 at the end of the 90-day period is about 9.92 .
Assuming the 90 days horizon Spirit Of has a beta of 0.27. This usually implies as returns on the market go up, Spirit Of average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Spirit Of America will be expected to be much smaller as well. Additionally Spirit Of America 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. Spirit Of Price Density |
| Price |
Predictive Modules for Spirit Of
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Spirit Of America. 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 Spirit Of'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.
Spirit Of Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Spirit Of is not an exception. The market had few large corrections towards the Spirit Of'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 Spirit Of America, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Spirit Of within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | 0.27 | |
σ | Overall volatility | 0.42 | |
Ir | Information ratio | -0.07 |
Spirit Of 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 Spirit Of for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Spirit Of America can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Spirit Of America generated a negative expected return over the last 90 days | |
| The fund maintains all of the assets in different exotic instruments |
Spirit Of Technical Analysis
Spirit Of's future price can be derived by breaking down and analyzing its technical indicators over time. Spirit Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Spirit Of America. In general, you should focus on analyzing Spirit Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Spirit Of Predictive Forecast Models
Spirit Of's time-series forecasting models is one of many Spirit Of'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 Spirit Of'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 Spirit Of America
Checking the ongoing alerts about Spirit Of for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Spirit Of America help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Spirit Of America generated a negative expected return over the last 90 days | |
| The fund maintains all of the assets in different exotic instruments |
Other Information on Investing in Spirit Mutual Fund
Spirit Of financial ratios help investors to determine whether Spirit Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Spirit with respect to the benefits of owning Spirit Of security.
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |