|Horizon||30 Days Login to change|
PSDAX 68 Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds 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||=||0.0093|
|Beta against DOW||=||0.0018|