CFPA BE (Germany) Probability of Target Price Finishing Over Current Price

    CFPA -- Germany ETF  

    EUR 5.85  0.04  0.68%

    CFPA BE probability of target price tool provides mechanism to make assumptions about upside and downside potential of CFPA BE performance during a given time horizon utilizing its historical volatility. Please specify CFPA BE time horizon, a valid symbol (red box) and a target price (blue box) you would like CFPA BE odds to be computed. Check also Trending Equities.
    Horizon     30 Days    Login   to change
    Symbol:
    Refresh Odds

    CFPA BE Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     5.85 30 days 5.85  ABOUT 99.0%
    Based on normal probability distribution, the odds of CFPA BE to move above current price in 30 days from now is about 99.0% (This CFPA BE probability density function shows the probability of CFPA BE ETF to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, CFPA BE has beta of 0.8075 . This suggests as returns on market go up, CFPA BE average returns are expected to increase less than the benchmark. However during bear market, the loss on holding CFPA BE will be expected to be much smaller as well. Additionally CFPA BE has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     CFPA BE Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.71
    β
    Beta against DOW=0.81
    σ
    Overall volatility
    =0.44
    Ir
    Information ratio =0.26

    CFPA BE Alerts

    CFPA BE Alerts and Suggestions

    CFPA BE is not yet fully synchronised with the market data
    CFPA BE generates negative expected return over the last 30 days
    Check also Trending Equities. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.
    Search macroaxis.com