POL GLB (Ireland) Probability of Target Price Finishing Over

    19897176 -- Ireland Fund  

    EUR 11.98  0.64  5.64%

    POL GLB probability of target price tool provides mechanism to make assumptions about upside and downside potential of POL GLB ALPH EUR R performance during a given time horizon utilizing its historical volatility. Please specify POL GLB time horizon, a valid symbol (red box) and a target price (blue box) you would like POL GLB odds to be computed. Check also Trending Equities.
     Time Horizon     30 Days    Login   to change
    Refresh Odds

    POL GLB Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     11.98 30 days 11.98  ABOUT 11.09%
    Based on normal probability distribution, the odds of POL GLB to move above current price in 30 days from now is about 11.09% (This POL GLB ALPH EUR R probability density function shows the probability of POL GLB Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, POL GLB ALPH EUR R has beta of -0.2904 . This suggests as returns on benchmark increase, returns on holding POL GLB are expected to decrease at a much smaller rate. During bear market, however, POL GLB ALPH EUR R is likely to outperform the market. Additionally POL GLB ALPH EUR R has an alpha of 0.0473 implying that it can potentially generate 0.0473% excess return over DOW after adjusting for the inherited market risk (beta).
     POL GLB Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.04735
    β
    Beta against DOW=0.29
    σ
    Overall volatility
    =5.89
    Ir
    Information ratio =0.0084

    Current Sentiment - 19897176

    POL GLB ALPH Investor Sentiment
    Macroaxis portfolio users are unresponsive in their sentiment towards investing in POL GLB ALPH EUR R. What is your perspective on investing in POL GLB ALPH EUR R? Are you bullish or bearish?
    Bullish
    Bearish
    50% Bullish
    50% Bearish
    Skip
    Check also Trending Equities. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.