Old Mutual probability of target price tool provides mechanism to make assumptions about upside and downside potential of Old Mutual European Best Ideas performance during a given time horizon utilizing its historical volatility. Please specify Old Mutual time horizon, a valid symbol (red box) and a target price (blue box) you would like Old Mutual odds to be computed. Additionally see Investing Opportunities.
|Horizon||30 Days Login to change|
Old Mutual Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|0.00||30 days||0.00||ABOUT 88.16%|
Based on normal probability distribution, the odds of Old Mutual to move above current price in 30 days from now is about 88.16% (This Old Mutual European Best Ideas probability density function shows the probability of Old Mutual Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, Old Mutual European Best Ideas has beta of -0.0092 suggesting as returns on benchmark increase, returns on holding Old Mutual are expected to decrease at a much smaller rate. During bear market, however, Old Mutual European Best Ideas is likely to outperform the market. Additionally The company has an alpha of 0.0346 implying that it can potentially generate 0.0346% excess return over DOW after adjusting for the inherited market risk (beta).
Old Mutual Price Density
|Alpha over DOW||=||0.034581|
|Beta against DOW||=||0.0092|