NEM GLB (Ireland) Probability of Target Price Finishing Over

    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.
     Time 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
     120.21 30 days 120.21  ABOUT 10.36%
    Based on normal probability distribution, the odds of NEM GLB to move above current price in 30 days from now is about 10.36% (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 has beta of 0.144 . This suggests as returns on market go up, NEM GLB average returns are expected to increase less than the benchmark. However during bear market, the loss on holding NEM GLB USD INV ACC will be expected to be much smaller as well. Additionally NEM GLB USD INV ACC has an alpha of 0.1284 implying that it can potentially generate 0.1284% excess return over DOW after adjusting for the inherited market risk (beta).
     NEM GLB Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.13
    β
    Beta against DOW=0.14
    σ
    Overall volatility
    =58.00
    Ir
    Information ratio =0.018304

    Current Sentiment - 12438395

    NEM GLB USD Investor Sentiment
    Macroaxis portfolio users are unresponsive in their sentiment towards investing in NEM GLB USD INV ACC. What is your trading attitude regarding investing in NEM GLB USD INV ACC? Are you bullish or bearish?
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