DNB FD (Germany) Probability of Target Price Finishing Over Current Price

    CFPA -- Germany ETF  

    EUR 5.77  0.00  0.00%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     5.77 30 days 5.77  ABOUT 93.0%
    Based on normal probability distribution, the odds of DNB FD to move above current price in 30 days from now is about 93.0% (This DNB FD ASIAN SMALL CAP A probability density function shows the probability of DNB FD ETF to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, DNB FD ASIAN SMALL CAP A has beta of -0.4765 . This suggests as returns on benchmark increase, returns on holding DNB FD are expected to decrease at a much smaller rate. During bear market, however, DNB FD ASIAN SMALL CAP A 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. DNB FD ASIAN is significantly underperforming DOW.
     DNB FD Price Density 
          Price 
    α
    Alpha over DOW
    =2.12
    β
    Beta against DOW=0.48
    σ
    Overall volatility
    =0.56
    Ir
    Information ratio =0.62

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