TACHLIT INDICES (Israel) Probability of Target Price Finishing Over Current Price

TCH
TCH-F32 -- Israel ETF  

ILA 715.35  2.14  0.30%

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 715.35 30 days 715.35 
about 20.62
Based on normal probability distribution, the odds of TACHLIT INDICES to move above current price in 30 days from now is about 20.62 (This TACHLIT INDICES MU probability density function shows the probability of TACHLIT INDICES ETF to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, TACHLIT INDICES MU has beta of -0.0818 . This entails as returns on benchmark increase, returns on holding TACHLIT INDICES are expected to decrease at a much smaller rate. During bear market, however, TACHLIT INDICES MU is likely to outperform the market. Additionally The company has an alpha of 0.0926 implying that it can potentially generate 0.0926% excess return over DOW after adjusting for the inherited market risk (beta).
 TACHLIT INDICES Price Density 
    
  Price 
α
Alpha over DOW
=0.09
β
Beta against DOW=0.08
σ
Overall volatility
=3.88
Ir
Information ratio =0.08

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