Absolute Insight (Ireland) Probability of Target Price Finishing Over Current Price

    IE00B2QV7329 -- Ireland Fund  

    GBP 97.00  1.00  1.02%

    Absolute Insight probability of target price tool provides mechanism to make assumptions about upside and downside potential of Absolute Insight Currency B2p GBP performance during a given time horizon utilizing its historical volatility. Please specify Absolute Insight time horizon, a valid symbol (red box) and a target price (blue box) you would like Absolute Insight odds to be computed. Please also check Risk vs Return Analysis.
    Horizon     30 Days    Login   to change
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    Absolute Insight Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     97.00 30 days 97.00  ABOUT 12.06%
    Based on normal probability distribution, the odds of Absolute Insight to move above current price in 30 days from now is about 12.06% (This Absolute Insight Currency B2p GBP probability density function shows the probability of Absolute Insight Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Absolute Insight Currency B2p GBP has beta of -100.5526 . This indicates as returns on its benchmark rise, returns on holding Absolute Insight Currency B2p GBP are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Absolute Insight is expected to outperform its benchmark. In addition to that Absolute Insight Currency B2p GBP has an alpha of 417.3799 implying that it can potentially generate 417.3799% excess return over DOW after adjusting for the inherited market risk (beta).
     Absolute Insight Price Density 
          Price 
    α
    Alpha over DOW
    =417.38
    β
    Beta against DOW=100.55
    σ
    Overall volatility
    =48.36
    Ir
    Information ratio =0.21

    Absolute Insight Alerts

    Absolute Insight Alerts and Suggestions

    Absolute Insight Cur is not yet fully synchronised with the market data
    The fund has annual holdings turnover of about 442.01% suggesting active trading
    Absolute Insight Currency B2p GBP retains roughly 90.31% of its assets under management (AUM) in cash
    Please also check Risk vs Return Analysis. Please also try Equity Analysis module to research over 250,000 global equities including funds, stocks and etfs to find investment opportunities.
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