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

    F0GBR04SHX -- Ireland Fund  

     180.62  4.80  2.59%

    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
     180.62 30 days 180.62  CLOSE TO 99%
    Based on normal probability distribution, the odds of PineBridge Global to move above current price in 30 days from now is close to 99% (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 has beta of 0.1737 suggesting as returns on market go up, PineBridge Global average returns are expected to increase less than the benchmark. However during bear market, the loss on holding PineBridge Global Focus Equity Y will be expected to be much smaller as well. Additionally PineBridge Global Focus Equity Y has an alpha of 0.2202 implying that it can potentially generate 0.2202% excess return over DOW after adjusting for the inherited market risk (beta).
     PineBridge Global Price Density 
          Price 
    α
    Alpha over DOW
    =0.22
    β
    Beta against DOW=0.17
    σ
    Overall volatility
    =5.93
    Ir
    Information ratio =0.30

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    PineBridge Global is not yet fully synchronised with the market data
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