Nedgroup Inv probability of target price tool provides mechanism to make assumptions about upside and downside potential of Nedgroup Inv Funds Global Cautious C H performance during a given time horizon utilizing its historical volatility. Please specify Nedgroup Inv time horizon, a valid symbol (red box) and a target price (blue box) you would like Nedgroup Inv odds to be computed. Additionally see Investing Opportunities.
|Horizon||30 Days Login to change|
Nedgroup Inv Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|104.00||30 days||104.00||ABOUT 23.39%|
Based on normal probability distribution, the odds of Nedgroup Inv to move above current price in 30 days from now is about 23.39% (This Nedgroup Inv Funds Global Cautious C H probability density function shows the probability of Nedgroup Inv Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, Nedgroup Inv Funds Global Cautious C H has beta of -0.0049 suggesting as returns on benchmark increase, returns on holding Nedgroup Inv are expected to decrease at a much smaller rate. During bear market, however, Nedgroup Inv Funds Global Cautious C H is likely to outperform the market. Additionally Nedgroup Inv Funds Global Cautious C H has an alpha of 0.0369 implying that it can potentially generate 0.0369% excess return over DOW after adjusting for the inherited market risk (beta).
Nedgroup Inv Price Density
|Alpha over DOW||=||0.036899|
|Beta against DOW||=||0.0049|