SPDR Bl probability of target price tool provides mechanism to make assumptions about upside and downside potential of SPDR Bl Ba 10Y US Co Bd UETF R performance during a given time horizon utilizing its historical volatility. Please specify SPDR Bl time horizon, a valid symbol (red box) and a target price (blue box) you would like SPDR Bl odds to be computed. Also please take a look at World Market Map.
|Horizon||30 Days Login to change|
SPDR Bl Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|25.66||30 days||25.66||ABOUT 19.1%|
Based on normal probability distribution, the odds of SPDR Bl to move above current price in 30 days from now is about 19.1% (This SPDR Bl Ba 10Y US Co Bd UETF R probability density function shows the probability of SPDR Bl Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, SPDR Bl Ba 10Y US Co Bd UETF R has beta of -0.0224 . This entails as returns on benchmark increase, returns on holding SPDR Bl are expected to decrease at a much smaller rate. During bear market, however, SPDR Bl Ba 10Y US Co Bd UETF R is likely to outperform the market. Additionally SPDR Bl Ba 10Y US Co Bd UETF R has an alpha of 0.1045 implying that it can potentially generate 0.1045% excess return over DOW after adjusting for the inherited market risk (beta).
SPDR Bl Price Density
|Alpha over DOW||=||0.10|
|Beta against DOW||=||0.02|