|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 999.24 ||30 days|| 999.24 || ABOUT 28.19%|
Based on normal probability distribution, the odds of ELDT P3 to move above current price in 30 days from now is about 28.19% (This ELDT P3 TA probability density function shows the probability of ELDT P3 Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, ELDT P3 TA has beta of -0.0067 suggesting as returns on benchmark increase, returns on holding ELDT P3 are expected to decrease at a much smaller rate. During bear market, however, ELDT P3 TA is likely to outperform the market. Additionally ELDT P3 TA has an alpha of 0.0141 implying that it can potentially generate 0.0141% excess return over DOW after adjusting for the inherited market risk (beta).
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