GBL EVOL probability of target price tool provides mechanism to make assumptions about upside and downside potential of GBL EVOL F FRON MKTS R performance during a given time horizon utilizing its historical volatility. Please specify GBL EVOL time horizon, a valid symbol (red box) and a target price (blue box) you would like GBL EVOL odds to be computed. Check also Trending Equities.
|Horizon||30 Days Login to change|
GBL EVOL Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|0.00||30 days||0.00||OVER 95.96%|
Based on normal probability distribution, the odds of GBL EVOL to move above current price in 30 days from now is over 95.96% (This GBL EVOL F FRON MKTS R probability density function shows the probability of GBL EVOL Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, GBL EVOL F FRON MKTS R has beta of -0.0023 . This suggests as returns on benchmark increase, returns on holding GBL EVOL are expected to decrease at a much smaller rate. During bear market, however, GBL EVOL F FRON MKTS R is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. GBL EVOL F is significantly underperforming DOW.
GBL EVOL Price Density
|Alpha over DOW||=||0.03|
|Beta against DOW||=||0.0023|