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

    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
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    NEM GLB Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds 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
    Beta against DOW=0.02
    Overall volatility
    Information ratio =0.08

    NEM GLB Alerts

    NEM GLB Alerts and Suggestions

    NEM GLB USD is not yet fully synchronised with the market data
    NEM GLB USD generates negative expected return over the last 30 days
    NEM GLB USD has some characteristics of a very speculative penny stock
    Check also Trending Equities. Please also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.