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

    IE00B0VPN591 -- Ireland Fund  

    JPY 954.89  45.28  0.05%

    PineBridge Japan probability of target price tool provides mechanism to make assumptions about upside and downside potential of PineBridge Japan New Horizon Equity A3 performance during a given time horizon utilizing its historical volatility. Please specify PineBridge Japan time horizon, a valid symbol (red box) and a target price (blue box) you would like PineBridge Japan odds to be computed. Please also check Risk vs Return Analysis.
    Horizon     30 Days    Login   to change
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    PineBridge Japan Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     954.89 30 days 954.89  ABOUT 10.42%
    Based on normal probability distribution, the odds of PineBridge Japan to move above current price in 30 days from now is about 10.42% (This PineBridge Japan New Horizon Equity A3 probability density function shows the probability of PineBridge Japan Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, PineBridge Japan New Horizon Equity A3 has beta of -0.0314 . This indicates as returns on benchmark increase, returns on holding PineBridge Japan are expected to decrease at a much smaller rate. During bear market, however, PineBridge Japan New Horizon Equity A3 is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. PineBridge Japan New is significantly underperforming DOW.
     PineBridge Japan Price Density 
          Price 
    α
    Alpha over DOW
    =0.06
    β
    Beta against DOW=0.03
    σ
    Overall volatility
    =512.46
    Ir
    Information ratio =0.009231

    PineBridge Japan Alerts

    PineBridge Japan Alerts and Suggestions

    PineBridge Japan New is not yet fully synchronised with the market data
    PineBridge Japan New generates negative expected return over the last 30 days
    PineBridge Japan New has high historical volatility and very poor performance
    This fund generated-7.0 ten year return of -7.0%
    PineBridge Japan retains about 5.09% of its assets under management (AUM) in cash

    Price Density Drivers

    PineBridge Japan Health Indicators

    Please also check Risk vs Return Analysis. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.
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