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

    F00000OM8L -- Ireland Fund  

    EUR 12.47  0.20  1.58%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     12.47 30 days 12.47  ABOUT 18.37%
    Based on normal probability distribution, the odds of Wellington Global to move above current price in 30 days from now is about 18.37% (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 has beta of 0.0958 suggesting as returns on market go up, Wellington Global average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Wellington Global HY Bond S EU will be expected to be much smaller as well. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Wellington Global is significantly underperforming DOW.
     Wellington Global Price Density 
          Price 
    α
    Alpha over DOW
    =0.01
    β
    Beta against DOW=0.1
    σ
    Overall volatility
    =6.60
    Ir
    Information ratio =0.04

    Wellington Global Alerts and Suggestions

    Wellington Global is not yet fully synchronised with the market data
    The fund retains about 5.1% of its assets under management (AUM) in cash

    Wellington GlobalPrice Density Drivers

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