JPMorgan Municipal probability of target price tool provides mechanism to make assumptions about upside and downside potential of JPMorgan Municipal Income B performance during a given time horizon utilizing its historical volatility. Please specify JPMorgan Municipal time horizon, a valid symbol (red box) and a target price (blue box) you would like JPMorgan Municipal odds to be computed. Additionally take a look at Your Equity Center.
|Horizon||30 Days Login to change|
JPMorgan Municipal Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|0.00||30 days||0.00||ABOUT 92.37%|
Based on normal probability distribution, the odds of JPMorgan Municipal to move above current price in 30 days from now is about 92.37% (This JPMorgan Municipal Income B probability density function shows the probability of JPMorgan Municipal Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, JPMorgan Municipal has beta of 0.0071 . This implies as returns on market go up, JPMorgan Municipal average returns are expected to increase less than the benchmark. However during bear market, the loss on holding JPMorgan Municipal Income B will be expected to be much smaller as well. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. JPMorgan Municipal is significantly underperforming DOW.
JPMorgan Municipal Price Density
|Alpha over DOW||=||0.0096|
|Beta against DOW||=||0.0071|