DHX Media Probability of Target Price

DHX Media Ltd -- USA Stock  

USD 3.5  0.05  1.41%

DHX Media probability of target price tool provides mechanism to make assumptions about upside and downside potential of DHX Media Ltd performance during a given time horizon utilizing its historical volatility. Please specify DHX Media time horizon, a valid symbol (red box) and a target price (blue box) you would like DHX Media odds to be computed. Additionally see DHX Media Backtesting, DHX Media Valuation, DHX Media Correlation, DHX Media Hype Analysis, DHX Media Volatility, DHX Media History as well as DHX Media Performance
Investment Horizon     30 Days    Login   to change
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Odds Analysis

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 3.5 30 days 4.05  about 63.55% about 36.34%
Based on normal probability distribution, the odds of DHX Media to stay under $ 4.05  after 30 days from now is about 36.34%. Probability of DHX Media Ltd price to stay between its current price of $ 3.5  and $ 4.05  at the end of the 30-day period is about 25.93%.
Given the investment horizon of 30 days, DHX Media Ltd has beta of -0.339 suggesting as returns on benchmark increase, returns on holding DHX Media are expected to decrease at a much smaller rate. During bear market, however, DHX Media Ltd is likely to outperform the market. Additionally DHX Media Ltd has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
36.0%
Odds to stay under $ 4.05  after 30 days
 DHX Media Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=1.89
βBeta against DOW=0.34
σ
Overall volatility
=0.61
 IrInformation ratio =0.46