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

    CFPA -- Germany ETF  

    EUR 6.13  0.15  2.59%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     6.13 30 days 6.13  ABOUT 64.09%
    Based on normal probability distribution, the odds of CFPA DU to move above current price in 30 days from now is about 64.09% (This CFPA DU probability density function shows the probability of CFPA DU ETF to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, CFPA DU has beta of -0.0522 . This suggests as returns on benchmark increase, returns on holding CFPA DU are expected to decrease at a much smaller rate. During bear market, however, CFPA DU is likely to outperform the market. Additionally CFPA DU has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     CFPA DU Price Density 
          Price 
    α
    Alpha over DOW
    =0.42
    β
    Beta against DOW=0.05
    σ
    Overall volatility
    =1.60
    Ir
    Information ratio =0.16

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