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

    F00000MQVQ -- Ireland Fund  

    USD 15.55  0.32  2.02%

    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
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    Wellington Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     15.55 30 days 15.55  ABOUT 37.37%
    Based on normal probability distribution, the odds of Wellington to move above current price in 30 days from now is about 37.37% (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 -0.2052 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 The company has an alpha of 0.0993 implying that it can potentially generate 0.0993% excess return over DOW after adjusting for the inherited market risk (beta).
     Wellington Price Density 
    Alpha over DOW
    Beta against DOW=0.21
    Overall volatility
    Information ratio =0.25

    Wellington Alerts

    Wellington Alerts and Suggestions

    Wellington US Core is not yet fully synchronised with the market data
    The fund retains about 6.34% of its assets under management (AUM) in cash
    Additionally see Investing Opportunities. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.
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