CGWM GL probability of target price tool provides mechanism to make assumptions about upside and downside potential of CGWM GL AF USD A performance during a given time horizon utilizing its historical volatility. Please specify CGWM GL time horizon, a valid symbol (red box) and a target price (blue box) you would like CGWM GL odds to be computed. Check also Trending Equities.
|Horizon||30 Days Login to change|
CGWM GL Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|1.43||30 days||1.43||ABOUT 28.35%|
Based on normal probability distribution, the odds of CGWM GL to move above current price in 30 days from now is about 28.35% (This CGWM GL AF USD A probability density function shows the probability of CGWM GL Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, CGWM GL AF USD A has beta of -0.0559 . This suggests as returns on benchmark increase, returns on holding CGWM GL are expected to decrease at a much smaller rate. During bear market, however, CGWM GL AF USD A is likely to outperform the market. Additionally CGWM GL AF USD A has an alpha of 0.9358 implying that it can potentially generate 0.9358% excess return over DOW after adjusting for the inherited market risk (beta).
CGWM GL Price Density
|Alpha over DOW||=||0.94|
|Beta against DOW||=||0.06|