Hermes Asia (Ireland) Probability of Target Price Finishing Over

    F00000VIC3 -- Ireland Fund  

    EUR 2.86  0.04  1.42%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     2.86 30 days 2.86  ABOUT 18.57%
    Based on normal probability distribution, the odds of Hermes Asia to move above current price in 30 days from now is about 18.57% (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 has beta of 0.5982 suggesting as returns on market go up, Hermes Asia average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Hermes Asia Ex Japan Equity C EUR Acc will be expected to be much smaller as well. Additionally Hermes Asia Ex Japan Equity C EUR Acc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     Hermes Asia Price Density 
    Current Price   Target Price   
    Alpha over DOW
    Beta against DOW=0.60
    Overall volatility
    Information ratio =0.36

    Hermes Asia Alerts

    Hermes Asia Alerts and Suggestions
    Hermes Asia Ex generates negative expected return over the last 30 days
    Hermes Asia Ex has high historical volatility and very poor performance
    The fund retains about 8.05% of its assets under management (AUM) in cash
    Additionally see Investing Opportunities. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.