20590166 (Ireland) Probability of Target Price Finishing Over

    20590166 -- Ireland Fund  

    EUR 11.65  0.31  2.73%

    20590166 probability of target price tool provides mechanism to make assumptions about upside and downside potential of 20590166 performance during a given time horizon utilizing its historical volatility. Please specify 20590166 time horizon, a valid symbol (red box) and a target price (blue box) you would like 20590166 odds to be computed. Check also Trending Equities.
     Time Horizon     30 Days    Login   to change
    Refresh Odds

    20590166 Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     11.65 30 days 11.65  ABOUT 17.93%
    Based on normal probability distribution, the odds of 20590166 to move above current price in 30 days from now is about 17.93% (This 20590166 probability density function shows the probability of 20590166 Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, 20590166 has beta of -0.4037 . This suggests as returns on benchmark increase, returns on holding 20590166 are expected to decrease at a much smaller rate. During bear market, however, 20590166 is likely to outperform the market. Additionally 20590166 has an alpha of 0.0243 implying that it can potentially generate 0.0243% excess return over DOW after adjusting for the inherited market risk (beta).
     20590166 Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.024346
    β
    Beta against DOW=0.4
    σ
    Overall volatility
    =5.86
    Ir
    Information ratio =0.03

    20590166 Alerts

    20590166 Alerts and Suggestions
    20590166 generates negative expected return over the last 30 days
    Check also Trending Equities. Please also try Transaction History module to view history of all your transactions and understand their impact on performance.