NE GLB (Ireland) Probability of Target Price Finishing Over Current Price

    12336303 -- Ireland Fund  

    USD 125.13  10.96  9.60%

    NE GLB probability of target price tool provides mechanism to make assumptions about upside and downside potential of NE GLB EQ USD AD AC performance during a given time horizon utilizing its historical volatility. Please specify NE GLB time horizon, a valid symbol (red box) and a target price (blue box) you would like NE GLB odds to be computed. Check also Trending Equities.
    Horizon     30 Days    Login   to change
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    NE GLB Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     125.13 30 days 125.13  ABOUT 18.74%
    Based on normal probability distribution, the odds of NE GLB to move above current price in 30 days from now is about 18.74% (This NE GLB EQ USD AD AC probability density function shows the probability of NE GLB Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, NE GLB EQ USD AD AC has beta of -0.3182 . This suggests as returns on benchmark increase, returns on holding NE GLB are expected to decrease at a much smaller rate. During bear market, however, NE GLB EQ USD AD AC is likely to outperform the market. Additionally NE GLB EQ USD AD AC has an alpha of 0.211 implying that it can potentially generate 0.211% excess return over DOW after adjusting for the inherited market risk (beta).
     NE GLB Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.21
    β
    Beta against DOW=0.32
    σ
    Overall volatility
    =60.52
    Ir
    Information ratio =0.0013

    Current Sentiment - 12336303

    NE GLB EQ Investor Sentiment

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