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

    F00000MQVQ -- Ireland Fund  

    USD 16.45  0.01  0.06%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     16.45 30 days 16.45  ABOUT 27.63%
    Based on normal probability distribution, the odds of Wellington to move above current price in 30 days from now is about 27.63% (This Wellington US Core HY Bd USD S Acc probability density function shows the probability of Wellington Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Wellington US Core HY Bd USD S Acc has beta of -0.0976 suggesting as returns on benchmark increase, returns on holding Wellington are expected to decrease at a much smaller rate. During bear market, however, Wellington US Core HY Bd USD S Acc is likely to outperform the market. Additionally Wellington US Core HY Bd USD S Acc has an alpha of 0.1198 implying that it can potentially generate 0.1198% excess return over DOW after adjusting for the inherited market risk (beta).
     Wellington Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.12
    β
    Beta against DOW=0.1
    σ
    Overall volatility
    =7.30
    Ir
    Information ratio =0.22

    Wellington Alerts

    Wellington Alerts and Suggestions

    The fund retains about 6.34% of its assets under management (AUM) in cash
    Additionally see Investing Opportunities. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.
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