PMXWD 72 (Israel) Probability of Target Price Finishing Over Current Price

    PMXWD-72 -- Israel ETF  

    ILS 1,612  16.00  1.00%

    PMXWD 72 probability of target price tool provides mechanism to make assumptions about upside and downside potential of PMXWD-72 performance during a given time horizon utilizing its historical volatility. Please specify PMXWD 72 time horizon, a valid symbol (red box) and a target price (blue box) you would like PMXWD 72 odds to be computed. Additionally take a look at Your Equity Center.
    Horizon     30 Days    Login   to change
    Symbol:
    Refresh Odds

    PMXWD 72 Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     1,612 30 days 1,612  ABOUT 27.61%
    Based on normal probability distribution, the odds of PMXWD 72 to move above current price in 30 days from now is about 27.61% (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 -0.0472 . This implies as returns on benchmark increase, returns on holding PMXWD 72 are expected to decrease at a much smaller rate. During bear market, however, PMXWD-72 is likely to outperform the market. Additionally PMXWD-72 has an alpha of 0.0748 implying that it can potentially generate 0.0748% excess return over DOW after adjusting for the inherited market risk (beta).
     PMXWD 72 Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.07
    β
    Beta against DOW=0.05
    σ
    Overall volatility
    =749.26
    Ir
    Information ratio =0.37

    PMXWD 72 Alerts

    PMXWD 72 Alerts and Suggestions

    PMXWD-72 is not yet fully synchronised with the market data
    PMXWD-72 generates negative expected return over the last 30 days
    Additionally take a look at Your Equity Center. Please also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
    Search macroaxis.com