INBND 61 (Israel) Probability of Target Price Finishing Over Current Price

    INBND-61 -- Israel ETF  

    ILS 12,392  21.00  0.17%

    INBND 61 probability of target price tool provides mechanism to make assumptions about upside and downside potential of INBND-61 performance during a given time horizon utilizing its historical volatility. Please specify INBND 61 time horizon, a valid symbol (red box) and a target price (blue box) you would like INBND 61 odds to be computed. Please also check Risk vs Return Analysis.
    Horizon     30 Days    Login   to change
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    INBND 61 Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     12,392 30 days 12,392  ABOUT 31.71%
    Based on normal probability distribution, the odds of INBND 61 to move above current price in 30 days from now is about 31.71% (This INBND-61 probability density function shows the probability of INBND 61 ETF to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, INBND 61 has beta of 0.0051 . This indicates as returns on market go up, INBND 61 average returns are expected to increase less than the benchmark. However during bear market, the loss on holding INBND-61 will be expected to be much smaller as well. Additionally INBND-61 has an alpha of 0.008 implying that it can potentially generate 0.008% excess return over DOW after adjusting for the inherited market risk (beta).
     INBND 61 Price Density 
          Price 
    α
    Alpha over DOW
    =0.007965
    β
    Beta against DOW=0.0051
    σ
    Overall volatility
    =5,222
    Ir
    Information ratio =1.52

    INBND 61 Alerts

    INBND 61 Alerts and Suggestions

    INBND-61 is not yet fully synchronised with the market data
    Please also check Risk vs Return Analysis. Please also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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