26419120 probability of target price tool provides mechanism to make assumptions about upside and downside potential of 26419120 performance during a given time horizon utilizing its historical volatility. Please specify 26419120 time horizon, a valid symbol (red box) and a target price (blue box) you would like 26419120 odds to be computed. Check also Trending Equities.
|Horizon||30 Days Login to change|
26419120 Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|13.98||30 days||13.98||ABOUT 52.24%|
Based on normal probability distribution, the odds of 26419120 to move above current price in 30 days from now is about 52.24% (This 26419120 probability density function shows the probability of 26419120 ETF to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, 26419120 has beta of -2.0727 . This suggests as returns on its benchmark rise, returns on holding 26419120 are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, 26419120 is expected to outperform its benchmark. In addition to that 26419120 has an alpha of 5.6526 implying that it can potentially generate 5.6526% excess return over DOW after adjusting for the inherited market risk (beta).
26419120 Price Density
|Alpha over DOW||=||5.65|
|Beta against DOW||=||2.07|