TBN60 28 (Israel) Probability of Target Price Finishing Over Current Price

    TBN60-28 -- Israel ETF  

    ILS 1,485  32.14  2.12%

    TBN60 28 probability of target price tool provides mechanism to make assumptions about upside and downside potential of TBN60-28 performance during a given time horizon utilizing its historical volatility. Please specify TBN60 28 time horizon, a valid symbol (red box) and a target price (blue box) you would like TBN60 28 odds to be computed. Also please take a look at World Market Map.
    Horizon     30 Days    Login   to change
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    TBN60 28 Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     1,485 30 days 1,485  ABOUT 23.68%
    Based on normal probability distribution, the odds of TBN60 28 to move above current price in 30 days from now is about 23.68% (This TBN60-28 probability density function shows the probability of TBN60 28 ETF to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, TBN60-28 has beta of -0.2427 . This entails as returns on benchmark increase, returns on holding TBN60 28 are expected to decrease at a much smaller rate. During bear market, however, TBN60-28 is likely to outperform the market. Additionally TBN60-28 has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     TBN60 28 Price Density 
          Price 
    α
    Alpha over DOW
    =0.11
    β
    Beta against DOW=0.24
    σ
    Overall volatility
    =739.16
    Ir
    Information ratio =0.04

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    TBN60 28 Alerts and Suggestions

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