|Horizon||30 Days Login to change|
HFN15 16 Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|1,143||30 days||1,143||ABOUT 22.56%|
Based on normal probability distribution, the odds of HFN15 16 to move above current price in 30 days from now is about 22.56% (This HFN15-16 probability density function shows the probability of HFN15 16 ETF to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, HFN15 16 has beta of 0.0131 . This indicates as returns on market go up, HFN15 16 average returns are expected to increase less than the benchmark. However during bear market, the loss on holding HFN15-16 will be expected to be much smaller as well. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. HFN15-16 is significantly underperforming DOW.
HFN15 16 Price Density
|Alpha over DOW||=||0.03|
|Beta against DOW||=||0.0131|