NE GLB (Ireland) Probability of Target Price Finishing Over

    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.
     Time 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 19.46%
    Based on normal probability distribution, the odds of NE GLB to move above current price in 30 days from now is about 19.46% (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 has beta of 0.3137 . This suggests as returns on market go up, NE GLB average returns are expected to increase less than the benchmark. However during bear market, the loss on holding NE GLB EQ USD AD AC will be expected to be much smaller as well. Additionally NE GLB EQ USD AD AC has an alpha of 0.1172 implying that it can potentially generate 0.1172% excess return over DOW after adjusting for the inherited market risk (beta).
     NE GLB Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.12
    β
    Beta against DOW=0.31
    σ
    Overall volatility
    =61.95
    Ir
    Information ratio =0.004487

    NE GLB Alerts

    NE GLB Alerts and Suggestions
    NE GLB EQ generates negative expected return over the last 30 days
    Check also Trending Equities. Please also try ETF Directory module to find actively-traded exchange traded funds (etf) from around the world.