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|
TCNSD 37 Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds 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
|Alpha over DOW||=||0.06|
|Beta against DOW||=||0.05|