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

    IE00B3FNDN84 -- Ireland Fund  

    USD 2,232  29.70  1.31%

    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
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    Russell OW Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     2,232 30 days 2,232  ABOUT 90.22%
    Based on normal probability distribution, the odds of Russell OW to move above current price in 30 days from now is about 90.22% (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 Glb Listed Infra A has beta of -0.1619 . This indicates as returns on benchmark increase, returns on holding Russell OW are expected to decrease at a much smaller rate. During bear market, however, Russell OW Glb Listed Infra A 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. Russell OW Glb is significantly underperforming DOW.
     Russell OW Price Density 
          Price 
    α
    Alpha over DOW
    =0.86
    β
    Beta against DOW=0.16
    σ
    Overall volatility
    =84.38
    Ir
    Information ratio =0.52

    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

    Price Density Drivers

    Russell OW Health Indicators

    Please also check Risk vs Return Analysis. Please also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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