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 21.59%
    Based on normal probability distribution, the odds of MTB40 61 to move above current price in 30 days from now is about 21.59% (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 0.0555 indicating as returns on market go up, MTB40 61 average returns are expected to increase less than the benchmark. However during bear market, the loss on holding MTB40-61 will be expected to be much smaller as well. 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 
          Price 
    α
    Alpha over DOW
    =0.05
    β
    Beta against DOW=0.06
    σ
    Overall volatility
    =63.89
    Ir
    Information ratio =0.11

    MTB40 61 Alerts

    MTB40 61 Alerts and Suggestions

    MTB40-61 is not yet fully synchronised with the market data
    Please see also Stocks Correlation. Please also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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