HRY50 14 (Israel) Probability of Target Price Finishing Over Current Price

    HRY50-14 -- Israel ETF  

    ILS 569.00  1.00  0.18%

    HRY50 14 probability of target price tool provides mechanism to make assumptions about upside and downside potential of HRY50-14 performance during a given time horizon utilizing its historical volatility. Please specify HRY50 14 time horizon, a valid symbol (red box) and a target price (blue box) you would like HRY50 14 odds to be computed. Please also check Risk vs Return Analysis.
    Horizon     30 Days    Login   to change
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    HRY50 14 Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     569.00 30 days 569.00  ABOUT 27.05%
    Based on normal probability distribution, the odds of HRY50 14 to move above current price in 30 days from now is about 27.05% (This HRY50-14 probability density function shows the probability of HRY50 14 ETF to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, HRY50 14 has beta of 0.0079 . This indicates as returns on market go up, HRY50 14 average returns are expected to increase less than the benchmark. However during bear market, the loss on holding HRY50-14 will be expected to be much smaller as well. Additionally HRY50-14 has an alpha of 0.0039 implying that it can potentially generate 0.0039% excess return over DOW after adjusting for the inherited market risk (beta).
     HRY50 14 Price Density 
          Price 
    α
    Alpha over DOW
    =0.003935
    β
    Beta against DOW=0.0079
    σ
    Overall volatility
    =266.52
    Ir
    Information ratio =1.29

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