Innovation Shares Probability of Target Price Finishing Over Current Price

EKAR -- USA Etf  

USD 19.98  0.33  1.62%

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 19.98 30 days 19.98 
about 26.28
Based on normal probability distribution, the odds of Innovation Shares to move above current price in 30 days from now is about 26.28 (This Innovation Shares NextGen Vehic probability density function shows the probability of Innovation Shares Etf to fall within a particular range of prices over 30 days) .
Given the investment horizon of 30 days, Innovation Shares NextGen Vehic has beta of -0.0627 suggesting as returns on benchmark increase, returns on holding Innovation Shares are expected to decrease at a much smaller rate. During bear market, however, Innovation Shares NextGen Vehic is likely to outperform the market. Additionally The company has an alpha of 0.0649 implying that it can potentially generate 0.0649% excess return over DOW after adjusting for the inherited market risk (beta).
 Innovation Shares Price Density 
      Price 
α
Alpha over DOW
=0.06
β
Beta against DOW=0.06
σ
Overall volatility
=8.87
Ir
Information ratio =0.11

Innovation Shares Alerts and Suggestions

Innovation Shares generates negative expected return over the last 30 days
Innovation Shares has high likelihood to experience some financial distress in the next 2 years
Latest headline from www.barrons.com: Car Sales Numbers Arrive Today. Why Investors Should Pay Attention. - Barrons
The fund retains 99.57% of its assets under management (AUM) in equities

Innovation SharesPrice Density Drivers

Average Daily Volume Last 10 Day566
Average Daily Volume In Three Month407
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