Allianzgi Health Sciences Fund Probability of Future Mutual Fund Price Finishing Over 31.64
| RAGHX Fund | USD 29.88 0.02 0.07% |
Allianzgi |
Allianzgi Health Target Price Odds to finish over 31.64
The tendency of Allianzgi 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 $ 31.64 or more in 90 days |
| 29.88 | 90 days | 31.64 | near 1 |
Based on a normal probability distribution, the odds of Allianzgi Health to move over $ 31.64 or more in 90 days from now is near 1 (This Allianzgi Health Sciences probability density function shows the probability of Allianzgi Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Allianzgi Health Sciences price to stay between its current price of $ 29.88 and $ 31.64 at the end of the 90-day period is about 68.56 .
Assuming the 90 days horizon Allianzgi Health has a beta of 0.91 indicating Allianzgi Health Sciences market returns are sensitive to returns on the market. As the market goes up or down, Allianzgi Health is expected to follow. Additionally Allianzgi Health Sciences has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Allianzgi Health Price Density |
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Predictive Modules for Allianzgi Health
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Allianzgi Health Sciences. 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 Allianzgi Health'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.
Allianzgi Health Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Allianzgi Health is not an exception. The market had few large corrections towards the Allianzgi Health'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 Allianzgi Health Sciences, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Allianzgi Health within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.06 | |
β | Beta against NYSE Composite | 0.91 | |
σ | Overall volatility | 0.61 | |
Ir | Information ratio | -0.08 |
Allianzgi Health 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 Allianzgi Health for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Allianzgi Health Sciences can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Allianzgi Health generated a negative expected return over the last 90 days | |
| The fund maintains 95.72% of its assets in stocks |
Allianzgi Health Technical Analysis
Allianzgi Health's future price can be derived by breaking down and analyzing its technical indicators over time. Allianzgi Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Allianzgi Health Sciences. In general, you should focus on analyzing Allianzgi Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Allianzgi Health Predictive Forecast Models
Allianzgi Health's time-series forecasting models is one of many Allianzgi Health'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 Allianzgi Health'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 Allianzgi Health Sciences
Checking the ongoing alerts about Allianzgi Health for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Allianzgi Health Sciences help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Allianzgi Health generated a negative expected return over the last 90 days | |
| The fund maintains 95.72% of its assets in stocks |
Check out Allianzgi Health Backtesting, Portfolio Optimization, Allianzgi Health Correlation, Allianzgi Health Hype Analysis, Allianzgi Health Volatility, Allianzgi Health History as well as Allianzgi Health Performance. Note that the Allianzgi Health Sciences information on this page should be used as a complementary analysis to other Allianzgi Health'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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.