ETFS Wheat (UK) Probability of Target Price Finishing Over 0.7128

WEAT -- UK ETF  

USD 0.63  0.004  0.63%

ETFS Wheat probability of target price tool provides mechanism to make assumptions about upside and downside potential of ETFS Wheat ETC performance during a given time horizon utilizing its historical volatility. Please specify ETFS Wheat time horizon, a valid symbol (red box) and a target price (blue box) you would like ETFS Wheat odds to be computed. See also ETFS Wheat Backtesting, Portfolio Optimization, ETFS Wheat Correlation, ETFS Wheat Hype Analysis, ETFS Wheat Volatility, ETFS Wheat History as well as ETFS Wheat Performance.
Horizon     30 Days    Login   to change
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ETFS Wheat Target Price Odds to finish over 0.7128

Current PriceHorizonTarget PriceOdds to move over $ 0.71  or more in 30 days
 0.63 30 days 0.71  NEAR 1%
Based on normal probability distribution, the odds of ETFS Wheat to move over $ 0.71  or more in 30 days from now is near 1% (This ETFS Wheat ETC probability density function shows the probability of ETFS Wheat ETF to fall within a particular range of prices over 30 days) . Probability of ETFS Wheat ETC price to stay between its current price of $ 0.63  and $ 0.71  at the end of the 30-day period is about 48.0%.
Assuming 30 trading days horizon, ETFS Wheat ETC has beta of -0.0012 . This means as returns on benchmark increase, returns on holding ETFS Wheat are expected to decrease at a much smaller rate. During bear market, however, ETFS Wheat ETC is likely to outperform the market. Additionally ETFS Wheat ETC has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 ETFS Wheat Price Density 
      Price 
α
Alpha over DOW
=0.02
β
Beta against DOW=0.0012
σ
Overall volatility
=0.009947
Ir
Information ratio =0.14

ETFS Wheat Alerts

ETFS Wheat Alerts and Suggestions

ETFS Wheat ETC generates negative expected return over the last 30 days
ETFS Wheat ETC has some characteristics of a very speculative penny stock
See also ETFS Wheat Backtesting, Portfolio Optimization, ETFS Wheat Correlation, ETFS Wheat Hype Analysis, ETFS Wheat Volatility, ETFS Wheat History as well as ETFS Wheat Performance. Please also try Idea Breakdown module to analyze constituents of all macroaxis ideas. macroaxis investment ideas are predefined, sector-focused investing themes.
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