Dimensional World (Ireland) Probability of Target Price Finishing Over Current Price

    IE00B56FVB15 -- Ireland Fund  

    GBp 1,570  9.00  0.58%

    Dimensional World probability of target price tool provides mechanism to make assumptions about upside and downside potential of Dimensional World Allocation 4 performance during a given time horizon utilizing its historical volatility. Please specify Dimensional World time horizon, a valid symbol (red box) and a target price (blue box) you would like Dimensional World odds to be computed. Please also check Risk vs Return Analysis.
    Horizon     30 Days    Login   to change
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    Dimensional World Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     1,570 30 days 1,570  ABOUT 23.5%
    Based on normal probability distribution, the odds of Dimensional World to move above current price in 30 days from now is about 23.5% (This Dimensional World Allocation 4 probability density function shows the probability of Dimensional World Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Dimensional World has beta of 0.1571 . This indicates as returns on market go up, Dimensional World average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Dimensional World Allocation 4 will be expected to be much smaller as well. Additionally Dimensional World Allocation 4 has an alpha of 0.2197 implying that it can potentially generate 0.2197% excess return over DOW after adjusting for the inherited market risk (beta).
     Dimensional World Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.22
    β
    Beta against DOW=0.16
    σ
    Overall volatility
    =751.77
    Ir
    Information ratio =0.09

    Dimensional World Alerts

    Dimensional World Alerts and Suggestions

    The fund retains about 13.07% of its assets under management (AUM) in cash

    Price Density Drivers

    Dimensional World Health Indicators

    Please also check Risk vs Return Analysis. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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