|Horizon||30 Days Login to change|
Hermes Asia Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|2.54||30 days||2.54||ABOUT 26.31%|
Based on normal probability distribution, the odds of Hermes Asia to move above current price in 30 days from now is about 26.31% (This Hermes Asia Ex Japan Equity C EUR Acc probability density function shows the probability of Hermes Asia Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, Hermes Asia Ex Japan Equity C EUR Acc has beta of -0.2353 suggesting as returns on benchmark increase, returns on holding Hermes Asia are expected to decrease at a much smaller rate. During bear market, however, Hermes Asia Ex Japan Equity C EUR Acc is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Hermes Asia Ex is significantly underperforming DOW.
Hermes Asia Price Density
|Alpha over DOW||=||0.12|
|Beta against DOW||=||0.24|