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

    12438395 -- Ireland Fund  

    USD 120.21  11.70  10.78%

    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
    Symbol:
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    NEM GLB Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     120.21 30 days 120.21  ABOUT 8.17%
    Based on normal probability distribution, the odds of NEM GLB to move above current price in 30 days from now is about 8.17% (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 -1.1247 . This suggests Additionally NEM GLB USD INV ACC has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     NEM GLB Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.55
    β
    Beta against DOW=1.12
    σ
    Overall volatility
    =56.42
    Ir
    Information ratio =0.04

    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
    Check also Trending Equities. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.
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