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SABADELL EURO (Spain) Probability of Target Price Finishing Over Current Price

SA
ES0184976027 -- Spain Fund  

EUR 18.97  0.05  0.26%

SABADELL EURO probability of target price tool provides mechanism to make assumptions about upside and downside potential of SABADELL EURO YIELD PREMIER performance during a given time horizon utilizing its historical volatility.
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SABADELL EURO Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 18.97 30 days 18.97 
about 98.0
Based on normal probability distribution, the odds of SABADELL EURO to move above current price in 30 days from now is about 98.0 (This SABADELL EURO YIELD PREMIER probability density function shows the probability of SABADELL EURO Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, SABADELL EURO YIELD PREMIER has beta of -0.0014 suggesting as returns on benchmark increase, returns on holding SABADELL EURO are expected to decrease at a much smaller rate. During bear market, however, SABADELL EURO YIELD PREMIER 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. SABADELL EURO YIELD is significantly underperforming DOW.
 SABADELL EURO Price Density 
    
  Price 
α
Alpha over DOW
=0.42
β
Beta against DOW=0.0014
σ
Overall volatility
=0.93
Ir
Information ratio =0.03

SABADELL EURO Alerts and Suggestions

SABADELL EURO YIELD is not yet fully synchronised with the market data
SABADELL EURO YIELD generates negative expected return over the last 30 days

SABADELL EUROPrice Density Drivers

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