|Horizon||30 Days Login to change|
PMXWD 72 Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|1,612||30 days||1,612||ABOUT 31.17%|
Based on normal probability distribution, the odds of PMXWD 72 to move above current price in 30 days from now is about 31.17% (This PMXWD-72 probability density function shows the probability of PMXWD 72 ETF to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, PMXWD 72 has beta of 0.1392 . This implies as returns on market go up, PMXWD 72 average returns are expected to increase less than the benchmark. However during bear market, the loss on holding PMXWD-72 will be expected to be much smaller as well. Additionally The company has an alpha of 0.0498 implying that it can potentially generate 0.0498% excess return over DOW after adjusting for the inherited market risk (beta).
PMXWD 72 Price Density
|Alpha over DOW||=||0.049833|
|Beta against DOW||=||0.14|