IShares Russell Probability of Target Price Finishing Over Current Price

BRMAX -- USA Fund  

USD 10.78  0.02  0.19%

IShares Russell probability of target price tool provides mechanism to make assumptions about upside and downside potential of IShares Russell Mid Cap Index F performance during a given time horizon utilizing its historical volatility. Please specify IShares Russell time horizon, a valid symbol (red box) and a target price (blue box) you would like IShares Russell odds to be computed. Check also IShares Russell Backtesting, Portfolio Optimization, IShares Russell Correlation, IShares Russell Hype Analysis, IShares Russell Volatility, IShares Russell History as well as IShares Russell Performance.
Horizon     30 Days    Login   to change
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IShares Russell Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 10.78 30 days 10.78 
about 40.38
Based on normal probability distribution, the odds of IShares Russell to move above current price in 30 days from now is about 40.38 (This IShares Russell Mid Cap Index F probability density function shows the probability of IShares Russell Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, IShares Russell has beta of 0.2329 . This suggests as returns on market go up, IShares Russell average returns are expected to increase less than the benchmark. However during bear market, the loss on holding IShares Russell Mid Cap Index F will be expected to be much smaller as well. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. IShares Russell Mid is significantly underperforming DOW.
 IShares Russell Price Density 
      Price 
α
Alpha over DOW
=0.04
β
Beta against DOW=0.23
σ
Overall volatility
=2.26
Ir
Information ratio =0.03

IShares Russell Alerts and Suggestions

IShares Russell Mid generates negative expected return over the last 30 days
On October 10, 2019 IShares Russell paid $ 0.034 per share dividend to its current shareholders
Latest headline from MacroaxisInsider: Exercise or conversion by Richard Meaney of 30000 shares of Analog Devices subject to Rule 16b-3
The fund holds 98.86% of its assets under management (AUM) in equities

IShares RussellPrice Density Drivers

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