LYX ST (Germany) Probability of Target Price Finishing Over Current Price

    LYYL -- Germany ETF  

    EUR 26.03  0.46  1.80%

    LYX ST probability of target price tool provides mechanism to make assumptions about upside and downside potential of LYX ST EU 600 T L UETF A performance during a given time horizon utilizing its historical volatility. Please specify LYX ST time horizon, a valid symbol (red box) and a target price (blue box) you would like LYX ST odds to be computed. Please see also Stocks Correlation.
    Horizon     30 Days    Login   to change
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    LYX ST Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     26.03 30 days 26.03  ABOUT 98.0%
    Based on normal probability distribution, the odds of LYX ST to move above current price in 30 days from now is about 98.0% (This LYX ST EU 600 T L UETF A probability density function shows the probability of LYX ST ETF to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, LYX ST EU 600 T L UETF A has beta of -0.3233 indicating as returns on benchmark increase, returns on holding LYX ST are expected to decrease at a much smaller rate. During bear market, however, LYX ST EU 600 T L UETF A is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. LYX ST EU is significantly underperforming DOW.
     LYX ST Price Density 
          Price 
    α
    Alpha over DOW
    =0.29
    β
    Beta against DOW=0.32
    σ
    Overall volatility
    =1.22
    Ir
    Information ratio =0.15

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