TCCB 137 probability of target price tool provides mechanism to make assumptions about upside and downside potential of TCCB-137 performance during a given time horizon utilizing its historical volatility. Please specify TCCB 137 time horizon, a valid symbol (red box) and a target price (blue box) you would like TCCB 137 odds to be computed. Also please take a look at World Market Map.
|Horizon||30 Days Login to change|
TCCB 137 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 88.57%|
Based on normal probability distribution, the odds of TCCB 137 to move above current price in 30 days from now is about 88.57% (This TCCB-137 probability density function shows the probability of TCCB 137 ETF to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, TCCB-137 has beta of -0.0019 . This entails as returns on benchmark increase, returns on holding TCCB 137 are expected to decrease at a much smaller rate. During bear market, however, TCCB-137 is likely to outperform the market. Additionally TCCB-137 has an alpha of 0.0297 implying that it can potentially generate 0.0297% excess return over DOW after adjusting for the inherited market risk (beta).
TCCB 137 Price Density
|Alpha over DOW||=||0.029686|
|Beta against DOW||=||0.0019|