WBI SMID (Germany) Probability of Target Price Finishing Over Current Price

    OVDD -- Germany ETF  

    EUR 17.54  0.35  2.05%

    WBI SMID probability of target price tool provides mechanism to make assumptions about upside and downside potential of WBI SMID TACTICAL YIELD performance during a given time horizon utilizing its historical volatility. Please specify WBI SMID time horizon, a valid symbol (red box) and a target price (blue box) you would like WBI SMID odds to be computed. Additionally take a look at Your Equity Center.
    Horizon     30 Days    Login   to change
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    WBI SMID Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     17.54 30 days 17.54  OVER 95.32%
    Based on normal probability distribution, the odds of WBI SMID to move above current price in 30 days from now is over 95.32% (This WBI SMID TACTICAL YIELD probability density function shows the probability of WBI SMID ETF to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, WBI SMID TACTICAL YIELD has beta of -0.0809 . This implies as returns on benchmark increase, returns on holding WBI SMID are expected to decrease at a much smaller rate. During bear market, however, WBI SMID TACTICAL YIELD is likely to outperform the market. Additionally WBI SMID TACTICAL YIELD has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     WBI SMID Price Density 
          Price 
    α
    Alpha over DOW
    =0.28
    β
    Beta against DOW=0.08
    σ
    Overall volatility
    =0.91
    Ir
    Information ratio =0.04

    WBI SMID Alerts

    WBI SMID Alerts and Suggestions

    WBI SMID TACTICAL is not yet fully synchronised with the market data
    WBI SMID TACTICAL generates negative expected return over the last 30 days
    WBI SMID TACTICAL has high historical volatility and very poor performance
    Additionally take a look at Your Equity Center. Please also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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