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

    OVDD -- Germany ETF  

    EUR 16.59  0.64  3.71%

    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
     16.59 30 days 16.59  ABOUT 98.0%
    Based on normal probability distribution, the odds of WBI SMID to move above current price in 30 days from now is about 98.0% (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 has beta of 0.4208 . This implies as returns on market go up, WBI SMID average returns are expected to increase less than the benchmark. However during bear market, the loss on holding WBI SMID TACTICAL YIELD 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. WBI SMID TACTICAL is significantly underperforming DOW.
     WBI SMID Price Density 
          Price 
    α
    Alpha over DOW
    =0.42
    β
    Beta against DOW=0.42
    σ
    Overall volatility
    =1.08
    Ir
    Information ratio =0.21

    WBI SMID Alerts

    WBI SMID Alerts and Suggestions

    WBI SMID TACTICAL is not yet fully synchronised with the market data
    Additionally take a look at Your Equity Center. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.
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