NEM GLB probability of target price tool provides mechanism to make assumptions about upside and downside potential of NEM GLB USD INV ACC performance during a given time horizon utilizing its historical volatility. Please specify NEM GLB time horizon, a valid symbol (red box) and a target price (blue box) you would like NEM GLB odds to be computed. Check also Trending Equities.
|Horizon||30 Days Login to change|
NEM GLB Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|0.00||30 days||0.00||ABOUT 89.1%|
Based on normal probability distribution, the odds of NEM GLB to move above current price in 30 days from now is about 89.1% (This NEM GLB USD INV ACC probability density function shows the probability of NEM GLB Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, NEM GLB USD INV ACC has beta of -0.0247 . This suggests as returns on benchmark increase, returns on holding NEM GLB are expected to decrease at a much smaller rate. During bear market, however, NEM GLB USD INV ACC is likely to outperform the market. Additionally The company has an alpha of 0.4922 implying that it can potentially generate 0.4922% excess return over DOW after adjusting for the inherited market risk (beta).
NEM GLB Price Density
|Alpha over DOW||=||0.49|
|Beta against DOW||=||0.02|