21046252 (Ireland) Probability of Target Price Finishing Over

    21046252 -- Ireland Fund  

    EUR 5.17  0.15  2.99%

    21046252 probability of target price tool provides mechanism to make assumptions about upside and downside potential of 21046252 performance during a given time horizon utilizing its historical volatility. Please specify 21046252 time horizon, a valid symbol (red box) and a target price (blue box) you would like 21046252 odds to be computed. Check also Trending Equities.
     Time Horizon     30 Days    Login   to change
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    21046252 Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     5.17 30 days 5.17  ABOUT 21.1%
    Based on normal probability distribution, the odds of 21046252 to move above current price in 30 days from now is about 21.1% (This 21046252 probability density function shows the probability of 21046252 Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, 21046252 has beta of -0.3528 . This suggests as returns on benchmark increase, returns on holding 21046252 are expected to decrease at a much smaller rate. During bear market, however, 21046252 is likely to outperform the market. Additionally 21046252 has an alpha of 0.0447 implying that it can potentially generate 0.0447% excess return over DOW after adjusting for the inherited market risk (beta).
     21046252 Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.044715
    β
    Beta against DOW=0.35
    σ
    Overall volatility
    =2.63
    Ir
    Information ratio =0.05

    21046252 Alerts

    21046252 Alerts and Suggestions
    21046252 generates negative expected return over the last 30 days
    Check also Trending Equities. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.