PineBridge Global (Ireland) Probability of Target Price Finishing Over Current Price

    F0GBR04SHX -- Ireland Fund  

     208.47  0.00  0.00%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     208.47 30 days 208.47  ABOUT 11.3%
    Based on normal probability distribution, the odds of PineBridge Global to move above current price in 30 days from now is about 11.3% (This PineBridge Global Focus Equity Y probability density function shows the probability of PineBridge Global Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, PineBridge Global Focus Equity Y has beta of -0.1517 suggesting as returns on benchmark increase, returns on holding PineBridge Global are expected to decrease at a much smaller rate. During bear market, however, PineBridge Global Focus Equity Y is likely to outperform the market. Additionally PineBridge Global Focus Equity Y has an alpha of 0.2343 implying that it can potentially generate 0.2343% excess return over DOW after adjusting for the inherited market risk (beta).
     PineBridge Global Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.23
    β
    Beta against DOW=0.15
    σ
    Overall volatility
    =5.29
    Ir
    Information ratio =0.21

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    PineBridge Global is not yet fully synchronised with the market data
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