DHX Media Probability of Target Price Finishing Above 4.05

DHX Media Ltd -- USA Stock  

USD 3.65  0.05  1.39%

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
 Time Horizon     30 Days    Login   to change
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DHX Media Target Price Odds to finish below 4.05

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 3.65 30 days 4.05  near 1% close to 100%
Based on normal probability distribution, the odds of DHX Media to stay under $ 4.05  after 30 days from now is close to 100%. Probability of DHX Media Ltd price to stay between its current price of $ 3.65  and $ 4.05  at the end of the 30-day period is about 27.39%.
Given the investment horizon of 30 days, DHX Media has beta of 0.1724 suggesting as returns on market go up, DHX Media average returns are expected to increase less than the benchmark. However during bear market, the loss on holding DHX Media Ltd will be expected to be much smaller as well. Additionally DHX Media Ltd has an alpha of 0.736527336 implying that it can potentially generate 0.736527336% excess return over DOW after adjusting for the inherited market risk (beta).
> 99%
Odds to stay under $ 4.05  after 30 days
 DHX Media Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.74
β
Beta against DOW=0.17
σ
Overall volatility
=0.19
Ir
Information ratio =0.23