|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 10,700 ||30 days|| 10,700 || ABOUT 22.79%|
Based on normal probability distribution, the odds of Scope Metals to move above current price in 30 days from now is about 22.79% (This Scope Metals Group Ltd probability density function shows the probability of Scope Metals Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Scope Metals has beta of 0.2272 . This entails as returns on market go up, Scope Metals average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Scope Metals Group Ltd will be expected to be much smaller as well. Additionally Scope Metals Group Ltd has an alpha of 0.4958 implying that it can potentially generate 0.4958% excess return over DOW after adjusting for the inherited market risk (beta).
Scope Metals Price Density
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|Current Price || ||Target Price || |