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

WEAT -- UK ETF  

USD 0.59  0.007  1.19%

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 Your Current Watchlist.
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
 0.59 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 $ 0.59  and $ 0.71  at the end of the 30-day period is close to 99%.
Assuming 30 trading days horizon, ETFS Wheat has beta of 0.117 . This means as returns on market go up, ETFS Wheat average returns are expected to increase less than the benchmark. However during bear market, the loss on holding ETFS Wheat ETC will be expected to be much smaller as well. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. ETFS Wheat ETC is significantly underperforming DOW.
 ETFS Wheat Price Density 
      Price 
α
Alpha over DOW
=0.14
β
Beta against DOW=0.12
σ
Overall volatility
=0.01165
Ir
Information ratio =0.29

ETFS Wheat Alerts

ETFS Wheat Alerts and Suggestions

ETFS Wheat ETC is not yet fully synchronised with the market data
ETFS Wheat ETC generates negative expected return over the last 30 days
ETFS Wheat ETC has some characteristics of a very speculative penny stock

Price Density Drivers

ETFS Wheat Health Indicators

Average Daily Volume In Three Month139.23k
See also Your Current Watchlist. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.
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