Migdal Insurance (Israel) Probability of Target Price Finishing Over Current Price

MGDL -- Israel Stock  

ILS 405.00  0.00  0.00%

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 405.00 30 days 405.00  NEARLY 4.53%
Based on normal probability distribution, the odds of Migdal Insurance to move above current price in 30 days from now is nearly 4.53% (This Migdal Insurance and Financial Holdings Ltd probability density function shows the probability of Migdal Insurance Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Migdal Insurance and Financial Holdings Ltd has beta of -0.2829 indicating as returns on benchmark increase, returns on holding Migdal Insurance are expected to decrease at a much smaller rate. During bear market, however, Migdal Insurance and Financial Holdings Ltd is likely to outperform the market. Additionally The company has an alpha of 0.3115 implying that it can potentially generate 0.3115% excess return over DOW after adjusting for the inherited market risk (beta).
 Migdal Insurance Price Density 
      Price 
α
Alpha over DOW
=0.31
β
Beta against DOW=0.28
σ
Overall volatility
=18.34
Ir
Information ratio =0.16

Migdal Insurance Alerts and Suggestions

Migdal Insurance is not yet fully synchronised with the market data
Migdal Insurance has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations

Migdal InsurancePrice Density Drivers

Float Shares332.16M
Average Daily Volume Last 10 Day694.24k
Average Daily Volume In Three Month627.67k
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