|Horizon||30 Days Login to change|
TwentyFour Corporate Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|11,316||30 days||11,316||ABOUT 6.59%|
Based on normal probability distribution, the odds of TwentyFour Corporate to move above current price in 30 days from now is about 6.59% (This TwentyFour Corporate Bond I Acc hdg probability density function shows the probability of TwentyFour Corporate Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, TwentyFour Corporate Bond I Acc hdg has beta of -0.0087 . This indicates as returns on benchmark increase, returns on holding TwentyFour Corporate are expected to decrease at a much smaller rate. During bear market, however, TwentyFour Corporate Bond I Acc hdg 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. TwentyFour Corporate is significantly underperforming DOW.
TwentyFour Corporate Price Density
|Alpha over DOW||=||0.01|
|Beta against DOW||=||0.0087|