KRTY 112 probability of target price tool provides mechanism to make assumptions about upside and downside potential of KRTY-112 performance during a given time horizon utilizing its historical volatility. Please specify KRTY 112 time horizon, a valid symbol (red box) and a target price (blue box) you would like KRTY 112 odds to be computed. Please see also Stocks Correlation.
|Horizon||30 Days Login to change|
KRTY 112 Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|1,166||30 days||1,166||ABOUT 25.82%|
Based on normal probability distribution, the odds of KRTY 112 to move above current price in 30 days from now is about 25.82% (This KRTY-112 probability density function shows the probability of KRTY 112 ETF to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, KRTY-112 has beta of -0.0181 indicating as returns on benchmark increase, returns on holding KRTY 112 are expected to decrease at a much smaller rate. During bear market, however, KRTY-112 is likely to outperform the market. Additionally KRTY-112 has an alpha of 0.042 implying that it can potentially generate 0.042% excess return over DOW after adjusting for the inherited market risk (beta).
KRTY 112 Price Density
|Alpha over DOW||=||0.042037|
|Beta against DOW||=||0.02|