HSBC US probability of target price tool provides mechanism to make assumptions about upside and downside potential of HSBC US Dollar Liquidity L performance during a given time horizon utilizing its historical volatility. Please specify HSBC US time horizon, a valid symbol (red box) and a target price (blue box) you would like HSBC US odds to be computed. Please also check Risk vs Return Analysis.
|Horizon||30 Days Login to change|
HSBC US Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|0.00||30 days||0.00||ABOUT 92.4%|
Based on normal probability distribution, the odds of HSBC US to move above current price in 30 days from now is about 92.4% (This HSBC US Dollar Liquidity L probability density function shows the probability of HSBC US Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, HSBC US Dollar Liquidity L has beta of -0.006 . This indicates as returns on benchmark increase, returns on holding HSBC US are expected to decrease at a much smaller rate. During bear market, however, HSBC US Dollar Liquidity L is likely to outperform the market. Additionally The company has an alpha of 0.043 implying that it can potentially generate 0.043% excess return over DOW after adjusting for the inherited market risk (beta).
HSBC US Price Density
|Alpha over DOW||=||0.043031|
|Beta against DOW||=||0.006|