MTV SP1 (Israel) Probability of Target Price Finishing Over Current Price

    MTV-SP1 -- Israel ETF  

    ILS 7,584  60.00  0.80%

    MTV SP1 probability of target price tool provides mechanism to make assumptions about upside and downside potential of MTV-SP1 performance during a given time horizon utilizing its historical volatility. Please specify MTV SP1 time horizon, a valid symbol (red box) and a target price (blue box) you would like MTV SP1 odds to be computed. Please see also Stocks Correlation.
    Horizon     30 Days    Login   to change
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    MTV SP1 Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     7,584 30 days 7,584  ABOUT 22.58%
    Based on normal probability distribution, the odds of MTV SP1 to move above current price in 30 days from now is about 22.58% (This MTV-SP1 probability density function shows the probability of MTV SP1 ETF to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, MTV-SP1 has beta of -0.047 indicating as returns on benchmark increase, returns on holding MTV SP1 are expected to decrease at a much smaller rate. During bear market, however, MTV-SP1 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. MTV-SP1 is significantly underperforming DOW.
     MTV SP1 Price Density 
          Price 
    α
    Alpha over DOW
    =0.0031
    β
    Beta against DOW=0.05
    σ
    Overall volatility
    =3,690
    Ir
    Information ratio =0.22

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