|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 13.15 ||30 days|| 13.15 || ABOUT 1.76%|
Based on normal probability distribution, the odds of Wellington Global to move above current price in 30 days from now is about 1.76% (This Wellington Global HY Bond S EU probability density function shows the probability of Wellington Global Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Wellington Global HY Bond S EU has beta of -0.039 suggesting as returns on benchmark increase, returns on holding Wellington Global are expected to decrease at a much smaller rate. During bear market, however, Wellington Global HY Bond S EU is likely to outperform the market. Additionally Wellington Global HY Bond S EU has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Wellington Global Price Density
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|Current Price || ||Target Price || |