Man GLG (Ireland) Probability of Target Price Finishing Over

IE00B01D9G61 -- Ireland Fund  

EUR 201.54  0.77  0.38%

Man GLG probability of target price tool provides mechanism to make assumptions about upside and downside potential of Man GLG European Equity D EUR Acc performance during a given time horizon utilizing its historical volatility. Please specify Man GLG time horizon, a valid symbol (red box) and a target price (blue box) you would like Man GLG odds to be computed. Please also check Man GLG Backtesting, Portfolio Optimization, Man GLG Correlation, Man GLG Hype Analysis, Man GLG Volatility, Man GLG History as well as Man GLG Performance.
 Time Horizon     30 Days    Login   to change
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Man GLG Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 201.54 30 days 201.54  ABOUT 16.0%
Based on normal probability distribution, the odds of Man GLG to move above current price in 30 days from now is about 16.0% (This Man GLG European Equity D EUR Acc probability density function shows the probability of Man GLG Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Man GLG European Equity D EUR Acc has beta of -0.0683 . This indicates as returns on benchmark increase, returns on holding Man GLG are expected to decrease at a much smaller rate. During bear market, however, Man GLG European Equity D EUR Acc is likely to outperform the market. Additionally Man GLG European Equity D EUR Acc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Man GLG Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.13
β
Beta against DOW=0.07
σ
Overall volatility
=102.23
Ir
Information ratio =0.26

Man GLG Alerts

Man GLG Alerts and Suggestions
Man GLG European generates negative expected return over the last 30 days
The fund generated five year return of -5.0%
Man GLG European Equity D EUR Acc retains 98.86% of its assets under management (AUM) in equities
Please also check Man GLG Backtesting, Portfolio Optimization, Man GLG Correlation, Man GLG Hype Analysis, Man GLG Volatility, Man GLG History as well as Man GLG Performance. Please also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.