TMDCP 87 probability of target price tool provides mechanism to make assumptions about upside and downside potential of TMDCP-87 performance during a given time horizon utilizing its historical volatility. Please specify TMDCP 87 time horizon, a valid symbol (red box) and a target price (blue box) you would like TMDCP 87 odds to be computed. Also please take a look at World Market Map.
|Horizon||30 Days Login to change|
TMDCP 87 Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|10,980||30 days||10,980||ABOUT 27.02%|
Based on normal probability distribution, the odds of TMDCP 87 to move above current price in 30 days from now is about 27.02% (This TMDCP-87 probability density function shows the probability of TMDCP 87 ETF to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, TMDCP 87 has beta of 0.096 . This entails as returns on market go up, TMDCP 87 average returns are expected to increase less than the benchmark. However during bear market, the loss on holding TMDCP-87 will be expected to be much smaller as well. Additionally TMDCP-87 has an alpha of 0.2608 implying that it can potentially generate 0.2608% excess return over DOW after adjusting for the inherited market risk (beta).
TMDCP 87 Price Density
|Alpha over DOW||=||0.26|
|Beta against DOW||=||0.1|