GLG MAN (Ireland) Probability of Target Price Finishing Over Current Price

    22480604 -- Ireland Fund  

    USD 94.37  2.80  3.06%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     94.37 30 days 94.37  ABOUT 20.04%
    Based on normal probability distribution, the odds of GLG MAN to move above current price in 30 days from now is about 20.04% (This GLG MAN DNHUSD probability density function shows the probability of GLG MAN Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, GLG MAN has beta of 0.2337 . This suggests as returns on market go up, GLG MAN average returns are expected to increase less than the benchmark. However during bear market, the loss on holding GLG MAN DNHUSD will be expected to be much smaller as well. Additionally GLG MAN DNHUSD has an alpha of 0.0245 implying that it can potentially generate 0.0245% excess return over DOW after adjusting for the inherited market risk (beta).
     GLG MAN Price Density 
          Price 
    α
    Alpha over DOW
    =0.024548
    β
    Beta against DOW=0.23
    σ
    Overall volatility
    =46.85
    Ir
    Information ratio =0.045036

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    GLG MAN DNHUSD is not yet fully synchronised with the market data
    Check also Trending Equities. Please also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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