24583770 (Ireland) Probability of Target Price Finishing Over Current Price

    24583770 -- Ireland ETF  

    USD 97.07  10.69  9.92%

    24583770 probability of target price tool provides mechanism to make assumptions about upside and downside potential of 24583770 performance during a given time horizon utilizing its historical volatility. Please specify 24583770 time horizon, a valid symbol (red box) and a target price (blue box) you would like 24583770 odds to be computed. Check also Trending Equities.
    Horizon     30 Days    Login   to change
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    24583770 Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     97.07 30 days 97.07  ABOUT 28.98%
    Based on normal probability distribution, the odds of 24583770 to move above current price in 30 days from now is about 28.98% (This 24583770 probability density function shows the probability of 24583770 ETF to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, 24583770 has beta of -0.3225 . This suggests as returns on benchmark increase, returns on holding 24583770 are expected to decrease at a much smaller rate. During bear market, however, 24583770 is likely to outperform the market. Additionally The company has an alpha of 0.2752 implying that it can potentially generate 0.2752% excess return over DOW after adjusting for the inherited market risk (beta).
     24583770 Price Density 
          Price 
    α
    Alpha over DOW
    =0.28
    β
    Beta against DOW=0.32
    σ
    Overall volatility
    =49.11
    Ir
    Information ratio =0.024426

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    Check also Trending Equities. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.
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