28231999 (Ireland) Probability of Target Price Finishing Over

    28231999 -- Ireland Fund  

    EUR 9.78  0.46  4.49%

    28231999 probability of target price tool provides mechanism to make assumptions about upside and downside potential of 28231999 performance during a given time horizon utilizing its historical volatility. Please specify 28231999 time horizon, a valid symbol (red box) and a target price (blue box) you would like 28231999 odds to be computed. Check also Trending Equities.
     Time Horizon     30 Days    Login   to change
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    28231999 Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     9.78 30 days 9.78  ABOUT 19.87%
    Based on normal probability distribution, the odds of 28231999 to move above current price in 30 days from now is about 19.87% (This 28231999 probability density function shows the probability of 28231999 Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, 28231999 has beta of 0.3436 . This suggests as returns on market go up, 28231999 average returns are expected to increase less than the benchmark. However during bear market, the loss on holding 28231999 will be expected to be much smaller as well. Additionally 28231999 has an alpha of 0.0092 implying that it can potentially generate 0.0092% excess return over DOW after adjusting for the inherited market risk (beta).
     28231999 Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.009206
    β
    Beta against DOW=0.34
    σ
    Overall volatility
    =5.10
    Ir
    Information ratio =0.0097

    28231999 Alerts

    28231999 Alerts and Suggestions
    28231999 generates negative expected return over the last 30 days
    Check also Trending Equities. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.