|Horizon||30 Days Login to change|
Merrion Balanced Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|1.30||30 days||1.30||NEAR 1%|
Based on normal probability distribution, the odds of Merrion Balanced to move above current price in 30 days from now is near 1% (This Merrion Balanced probability density function shows the probability of Merrion Balanced Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, Merrion Balanced has beta of -0.0052 . This indicates as returns on benchmark increase, returns on holding Merrion Balanced are expected to decrease at a much smaller rate. During bear market, however, Merrion Balanced is likely to outperform the market. Additionally Merrion Balanced has an alpha of 0.0196 implying that it can potentially generate 0.0196% excess return over DOW after adjusting for the inherited market risk (beta).
Merrion Balanced Price Density
|Alpha over DOW||=||0.019566|
|Beta against DOW||=||0.0052|