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

    IE00B2QV7329 -- Ireland Fund  

    GBp 98.00  0.00  0.00%

    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
     98.00 30 days 98.00  ABOUT 5.08%
    Based on normal probability distribution, the odds of Absolute Insight to move above current price in 30 days from now is about 5.08% (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, the fund has beta coefficient of 7.4549 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, Absolute Insight will likely underperform. In addition to that The company has an alpha of 215.0726 implying that it can potentially generate 215.0726% excess return over DOW after adjusting for the inherited market risk (beta).
     Absolute Insight Price Density 
          Price 
    α
    Alpha over DOW
    =215.07
    β
    Beta against DOW=7.45
    σ
    Overall volatility
    =43.24
    Ir
    Information ratio =0.15

    Absolute Insight Alerts

    Absolute Insight Alerts and Suggestions

    Absolute Insight Cur is not yet fully synchronised with the market data
    The fund retains about 90.31% of its assets under management (AUM) in cash

    Price Density Drivers

    Absolute Insight Health Indicators

    Please also check Risk vs Return Analysis. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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