|Horizon||30 Days Login to change|
INBND 61 Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|12,392||30 days||12,392||ABOUT 35.2%|
Based on normal probability distribution, the odds of INBND 61 to move above current price in 30 days from now is about 35.2% (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 0.0091 . 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 The company has a negative alpha implying that the risk taken by holding this equity is not justified. INBND-61 is significantly underperforming DOW.
INBND 61 Price Density
|Alpha over DOW||=||0.0001|
|Beta against DOW||=||0.0091|