|Horizon||30 Days Login to change|
NE GLB Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|125.13||30 days||125.13||ABOUT 23.99%|
Based on normal probability distribution, the odds of NE GLB to move above current price in 30 days from now is about 23.99% (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, the fund has beta coefficient of 1.6987 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, NE GLB will likely underperform. Additionally The company has an alpha of 0.333 implying that it can potentially generate 0.333% excess return over DOW after adjusting for the inherited market risk (beta).
NE GLB Price Density
|Alpha over DOW||=||0.33|
|Beta against DOW||=||1.70|