ACL ALT (Ireland) Probability of Target Price Finishing Over Current Price

    1409481 -- Ireland Fund  

    USD 298.64  11.16  3.60%

    ACL ALT probability of target price tool provides mechanism to make assumptions about upside and downside potential of ACL ALT FUND USD A performance during a given time horizon utilizing its historical volatility. Please specify ACL ALT time horizon, a valid symbol (red box) and a target price (blue box) you would like ACL ALT odds to be computed. Check also Trending Equities.
    Horizon     30 Days    Login   to change
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    ACL ALT Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     298.64 30 days 298.64  ABOUT 1.29%
    Based on normal probability distribution, the odds of ACL ALT to move above current price in 30 days from now is about 1.29% (This ACL ALT FUND USD A probability density function shows the probability of ACL ALT Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, ACL ALT has beta of 0.0472 . This suggests as returns on market go up, ACL ALT average returns are expected to increase less than the benchmark. However during bear market, the loss on holding ACL ALT FUND USD A will be expected to be much smaller as well. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. ACL ALT FUND is significantly underperforming DOW.
     ACL ALT Price Density 
          Price 
    α
    Alpha over DOW
    =0.0072
    β
    Beta against DOW=0.0472
    σ
    Overall volatility
    =112.29
    Ir
    Information ratio =0.07

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    ACL ALT FUND is not yet fully synchronised with the market data
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