2327583 (Ireland) Probability of Target Price Finishing Over Current Price

    2327583 -- Ireland Fund  

    USD 16.42  4.44  37.06%

    2327583 probability of target price tool provides mechanism to make assumptions about upside and downside potential of 2327583 performance during a given time horizon utilizing its historical volatility. Please specify 2327583 time horizon, a valid symbol (red box) and a target price (blue box) you would like 2327583 odds to be computed. Check also Trending Equities.
    Horizon     30 Days    Login   to change
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    2327583 Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     16.42 30 days 16.42  ABOUT 29.46%
    Based on normal probability distribution, the odds of 2327583 to move above current price in 30 days from now is about 29.46% (This 2327583 probability density function shows the probability of 2327583 Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, the fund has beta coefficient of 1.7612 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, 2327583 will likely underperform. In addition to that 2327583 has an alpha of 6.0115 implying that it can potentially generate 6.0115% excess return over DOW after adjusting for the inherited market risk (beta).
     2327583 Price Density 
          Price 
    α
    Alpha over DOW
    =6.01
    β
    Beta against DOW=1.76
    σ
    Overall volatility
    =2.06
    Ir
    Information ratio =0.28

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    2327583 is not yet fully synchronised with the market data
    Check also Trending Equities. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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