Comgest Growth (Ireland) Probability of Target Price Finishing Over Current Price

    IE00B52QBB85 -- Ireland Fund  

    USD 38.21  1.30  3.29%

    Comgest Growth probability of target price tool provides mechanism to make assumptions about upside and downside potential of Comgest Growth Emerging Mkts I USD Acc performance during a given time horizon utilizing its historical volatility. Please specify Comgest Growth time horizon, a valid symbol (red box) and a target price (blue box) you would like Comgest Growth odds to be computed. Please also check Risk vs Return Analysis.
    Horizon     30 Days    Login   to change
    Symbol:
    Refresh Odds

    Comgest Growth Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     38.21 30 days 38.21  ABOUT 14.89%
    Based on normal probability distribution, the odds of Comgest Growth to move above current price in 30 days from now is about 14.89% (This Comgest Growth Emerging Mkts I USD Acc probability density function shows the probability of Comgest Growth Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Comgest Growth has beta of 0.1376 . This indicates as returns on market go up, Comgest Growth average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Comgest Growth Emerging Mkts I USD Acc will be expected to be much smaller as well. Additionally Comgest Growth Emerging Mkts I USD Acc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     Comgest Growth Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.13
    β
    Beta against DOW=0.14
    σ
    Overall volatility
    =21.47
    Ir
    Information ratio =0.012747

    Comgest Growth Alerts

    Comgest Growth Alerts and Suggestions

    Comgest Growth is not yet fully synchronised with the market data
    Comgest Growth generates negative expected return over the last 30 days
    The fund retains about 6.13% of its assets under management (AUM) in cash
    Please also check Risk vs Return Analysis. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.
    Search macroaxis.com