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 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 
          Price 
    α
    Alpha over DOW
    =0.33
    β
    Beta against DOW=1.70
    σ
    Overall volatility
    =55.76
    Ir
    Information ratio =0.07

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    NE GLB EQ is not yet fully synchronised with the market data
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