|Horizon||30 Days Login to change|
MTB40 61 Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|127.15||30 days||127.15||ABOUT 22.8%|
Based on normal probability distribution, the odds of MTB40 61 to move above current price in 30 days from now is about 22.8% (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 -0.1589 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 The company has a negative alpha implying that the risk taken by holding this equity is not justified. MTB40-61 is significantly underperforming DOW.
MTB40 61 Price Density
|Alpha over DOW||=||0.04|
|Beta against DOW||=||0.16|