PSDAX 68 (Israel) Probability of Target Price Finishing Over Current Price

    PSDAX-68 -- Israel ETF  

    ILS 9,342  2.00  0.0002%

    PSDAX 68 probability of target price tool provides mechanism to make assumptions about upside and downside potential of PSDAX-68 performance during a given time horizon utilizing its historical volatility. Please specify PSDAX 68 time horizon, a valid symbol (red box) and a target price (blue box) you would like PSDAX 68 odds to be computed. Additionally take a look at Your Equity Center.
    Horizon     30 Days    Login   to change
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    PSDAX 68 Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     9,342 30 days 9,342  ABOUT 23.2%
    Based on normal probability distribution, the odds of PSDAX 68 to move above current price in 30 days from now is about 23.2% (This PSDAX-68 probability density function shows the probability of PSDAX 68 ETF to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, PSDAX-68 has beta of -0.0018 . This implies as returns on benchmark increase, returns on holding PSDAX 68 are expected to decrease at a much smaller rate. During bear market, however, PSDAX-68 is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. PSDAX-68 is significantly underperforming DOW.
     PSDAX 68 Price Density 
    Alpha over DOW
    Beta against DOW=0.0018
    Overall volatility
    Information ratio =3.23

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    PSDAX 68 Alerts and Suggestions

    PSDAX-68 is not yet fully synchronised with the market data
    Additionally take a look at Your Equity Center. Please also try Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.