SLXXL probability of target price tool provides mechanism to make assumptions about upside and downside potential of SLXXL performance during a given time horizon utilizing its historical volatility. Please specify SLXXL time horizon, a valid symbol (red box) and a target price (blue box) you would like SLXXL odds to be computed. Also please take a look at World Market Map.
|Horizon||30 Days Login to change|
SLXXL Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|0.00||30 days||0.00||ABOUT 90.19%|
Based on normal probability distribution, the odds of SLXXL to move above current price in 30 days from now is about 90.19% (This SLXXL probability density function shows the probability of SLXXL Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, SLXXL has beta of 0.001 . This entails as returns on market go up, SLXXL average returns are expected to increase less than the benchmark. However during bear market, the loss on holding SLXXL will be expected to be much smaller as well. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. SLXXL is significantly underperforming DOW.
SLXXL Price Density
|Alpha over DOW||=||0.0099|
|Beta against DOW||=||0.001|