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

    IUK8 -- Germany ETF  

    EUR 45.47  0.01  0.022%

    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
     45.47 30 days 45.47  ABOUT 62.88%
    Based on normal probability distribution, the odds of APO RENDITE to move above current price in 30 days from now is about 62.88% (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 PLUS INKA has beta of -0.098 . This indicates as returns on benchmark increase, returns on holding APO RENDITE are expected to decrease at a much smaller rate. During bear market, however, APO RENDITE PLUS INKA is likely to outperform the market. 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 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.03
    β
    Beta against DOW=0.1
    σ
    Overall volatility
    =0.08
    Ir
    Information ratio =0.72

    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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