1793043 probability of target price tool provides mechanism to make assumptions about upside and downside potential of 1793043 performance during a given time horizon utilizing its historical volatility. Please specify 1793043 time horizon, a valid symbol (red box) and a target price (blue box) you would like 1793043 odds to be computed. Check also Trending Equities.
|Horizon||30 Days Login to change|
1793043 Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|130.58||30 days||130.58||ABOUT 17.98%|
Based on normal probability distribution, the odds of 1793043 to move above current price in 30 days from now is about 17.98% (This 1793043 probability density function shows the probability of 1793043 Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, 1793043 has beta of -0.2927 . This suggests as returns on benchmark increase, returns on holding 1793043 are expected to decrease at a much smaller rate. During bear market, however, 1793043 is likely to outperform the market. Additionally 1793043 has an alpha of 0.1363 implying that it can potentially generate 0.1363% excess return over DOW after adjusting for the inherited market risk (beta).
1793043 Price Density
|Alpha over DOW||=||0.14|
|Beta against DOW||=||0.29|