Guinness Global (Ireland) Probability of Target Price Finishing Over Current Price

    F00000287M -- Ireland Fund  

    USD 7.46  0.04  0.53%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     7.46 30 days 7.46  ABOUT 17.25%
    Based on normal probability distribution, the odds of Guinness Global to move above current price in 30 days from now is about 17.25% (This Guinness Global Energy E probability density function shows the probability of Guinness Global Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Guinness Global Energy E has beta of -0.2825 suggesting as returns on benchmark increase, returns on holding Guinness Global are expected to decrease at a much smaller rate. During bear market, however, Guinness Global Energy E is likely to outperform the market. Additionally Guinness Global Energy E has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     Guinness Global Price Density 
          Price 
    α
    Alpha over DOW
    =0.02
    β
    Beta against DOW=0.28
    σ
    Overall volatility
    =4.51
    Ir
    Information ratio =0.19

    Guinness Global Alerts

    Guinness Global Alerts and Suggestions

    Guinness Global is not yet fully synchronised with the market data
    Guinness Global generates negative expected return over the last 30 days
    The fund retains 98.59% of its assets under management (AUM) in equities

    Price Density Drivers

    Guinness Global Health Indicators

    Additionally see Investing Opportunities. Please also try Companies Directory module to evaluate performance of over 100,000 stocks, funds, and etfs against different fundamentals.
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