Russell OW (Ireland) Probability of Target Price Finishing Over Current Price

    IE00B3FNDN84 -- Ireland Fund  

    USD 2,357  3.74  0.16%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     2,357 30 days 2,357  ROUGHLY 97.0%
    Based on normal probability distribution, the odds of Russell OW to move above current price in 30 days from now is roughly 97.0% (This Russell OW Glb Listed Infra A probability density function shows the probability of Russell OW Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Russell OW has beta of 0.0117 . This indicates as returns on market go up, Russell OW average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Russell OW Glb Listed Infra A will be expected to be much smaller as well. Additionally Russell OW Glb Listed Infra A has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     Russell OW Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.32
    β
    Beta against DOW=0.0117
    σ
    Overall volatility
    =22.04
    Ir
    Information ratio =0.16

    Russell OW Alerts

    Russell OW Alerts and Suggestions

    Russell OW Glb is not yet fully synchronised with the market data
    Russell OW Glb generates negative expected return over the last 30 days
    The fund retains 95.03% of its assets under management (AUM) in equities
    Please also check Risk vs Return Analysis. Please also try Coins and Tokens Correlation module to utilize digital token correlation table to build portfolio of cryptocurrencies across multiple exchanges.
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