TCNSD 37 (Israel) Probability of Target Price Finishing Over Current Price

    TCNSD-37 -- Israel ETF  

    ILS 4,571  52.00  1.15%

    TCNSD 37 probability of target price tool provides mechanism to make assumptions about upside and downside potential of TCNSD-37 performance during a given time horizon utilizing its historical volatility. Please specify TCNSD 37 time horizon, a valid symbol (red box) and a target price (blue box) you would like TCNSD 37 odds to be computed. Also please take a look at World Market Map.
    Horizon     30 Days    Login   to change
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    TCNSD 37 Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     4,571 30 days 4,571  ABOUT 31.13%
    Based on normal probability distribution, the odds of TCNSD 37 to move above current price in 30 days from now is about 31.13% (This TCNSD-37 probability density function shows the probability of TCNSD 37 ETF to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, TCNSD-37 has beta of -0.0481 . This entails as returns on benchmark increase, returns on holding TCNSD 37 are expected to decrease at a much smaller rate. During bear market, however, TCNSD-37 is likely to outperform the market. Additionally TCNSD-37 has an alpha of 0.0615 implying that it can potentially generate 0.0615% excess return over DOW after adjusting for the inherited market risk (beta).
     TCNSD 37 Price Density 
          Price 
    α
    Alpha over DOW
    =0.06
    β
    Beta against DOW=0.05
    σ
    Overall volatility
    =1,886
    Ir
    Information ratio =0.29

    TCNSD 37 Alerts

    TCNSD 37 Alerts and Suggestions

    TCNSD-37 is not yet fully synchronised with the market data
    TCNSD-37 generates negative expected return over the last 30 days
    Also please take a look at World Market Map. Please also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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