Thornburg Developing (Ireland) Probability of Target Price Finishing Over Current Price

    F00000S50U -- Ireland Fund  

    USD 10.39  0.10  0.97%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     10.39 30 days 10.39  ABOUT 26.93%
    Based on normal probability distribution, the odds of Thornburg Developing to move above current price in 30 days from now is about 26.93% (This Thornburg Developing World I USD Acc probability density function shows the probability of Thornburg Developing Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Thornburg Developing World I USD Acc has beta of -0.2997 suggesting as returns on benchmark increase, returns on holding Thornburg Developing are expected to decrease at a much smaller rate. During bear market, however, Thornburg Developing World I USD Acc is likely to outperform the market. Additionally Thornburg Developing World I USD Acc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     Thornburg Developing Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.23
    β
    Beta against DOW=0.3
    σ
    Overall volatility
    =5.45
    Ir
    Information ratio =0.26

    Thornburg Developing Alerts

    Thornburg Developing Alerts and Suggestions

    Thornburg Developing generates negative expected return over the last 30 days
    The fund retains about 11.27% of its assets under management (AUM) in cash
    Additionally see Investing Opportunities. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.
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