MTB40 61 (Israel) Probability of Target Price Finishing Over Current Price

    MTB40-61 -- Israel ETF  

    ILS 127.15  2.14  1.66%

    MTB40 61 probability of target price tool provides mechanism to make assumptions about upside and downside potential of MTB40-61 performance during a given time horizon utilizing its historical volatility. Please specify MTB40 61 time horizon, a valid symbol (red box) and a target price (blue box) you would like MTB40 61 odds to be computed. Please see also Stocks Correlation.
    Horizon     30 Days    Login   to change
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    MTB40 61 Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     127.15 30 days 127.15  ABOUT 14.67%
    Based on normal probability distribution, the odds of MTB40 61 to move above current price in 30 days from now is about 14.67% (This MTB40-61 probability density function shows the probability of MTB40 61 ETF to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, MTB40-61 has beta of -0.193 indicating as returns on benchmark increase, returns on holding MTB40 61 are expected to decrease at a much smaller rate. During bear market, however, MTB40-61 is likely to outperform the market. Additionally MTB40-61 has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     MTB40 61 Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.02
    β
    Beta against DOW=0.19
    σ
    Overall volatility
    =65.46
    Ir
    Information ratio =0.06

    MTB40 61 Alerts

    MTB40 61 Alerts and Suggestions

    MTB40-61 is not yet fully synchronised with the market data
    MTB40-61 generates negative expected return over the last 30 days
    Please see also Stocks Correlation. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.
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