2022431 (Ireland) Probability of Target Price Finishing Over

    2022431 -- Ireland Fund  

    EUR 12.88  0.83  6.89%

    2022431 probability of target price tool provides mechanism to make assumptions about upside and downside potential of 2022431 performance during a given time horizon utilizing its historical volatility. Please specify 2022431 time horizon, a valid symbol (red box) and a target price (blue box) you would like 2022431 odds to be computed. Check also Trending Equities.
     Time Horizon     30 Days    Login   to change
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    2022431 Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     12.88 30 days 12.88  ABOUT 21.15%
    Based on normal probability distribution, the odds of 2022431 to move above current price in 30 days from now is about 21.15% (This 2022431 probability density function shows the probability of 2022431 Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, 2022431 has beta of -0.749 . This suggests as returns on benchmark increase, returns on holding 2022431 are expected to decrease at a much smaller rate. During bear market, however, 2022431 is likely to outperform the market. Additionally 2022431 has an alpha of 0.2118 implying that it can potentially generate 0.2118% excess return over DOW after adjusting for the inherited market risk (beta).
     2022431 Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.21
    β
    Beta against DOW=0.75
    σ
    Overall volatility
    =6.42
    Ir
    Information ratio =0.0093

    2022431 Alerts

    2022431 Alerts and Suggestions
    2022431 generates negative expected return over the last 30 days
    Check also Trending Equities. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.
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