APO RENDITE (Germany) Probability of Target Price Finishing Over Current Price

    IUK8 -- Germany ETF  

    EUR 44.52  0.05  0.11%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     44.52 30 days 44.52  CLOSE TO 99%
    Based on normal probability distribution, the odds of APO RENDITE to move above current price in 30 days from now is close to 99% (This APO RENDITE PLUS INKA probability density function shows the probability of APO RENDITE ETF to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, APO RENDITE has beta of 0.0433 . This indicates as returns on market go up, APO RENDITE average returns are expected to increase less than the benchmark. However during bear market, the loss on holding APO RENDITE PLUS INKA will be expected to be much smaller as well. Additionally APO RENDITE PLUS INKA has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     APO RENDITE Price Density 
          Price 
    α
    Alpha over DOW
    =0.05
    β
    Beta against DOW=0.0433
    σ
    Overall volatility
    =0.22
    Ir
    Information ratio =0.28

    APO RENDITE Alerts

    APO RENDITE Alerts and Suggestions

    APO RENDITE PLUS is not yet fully synchronised with the market data
    APO RENDITE PLUS generates negative expected return over the last 30 days

    Price Density Drivers

    APO RENDITE Health Indicators

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