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

    IE00B57DQW00 -- Ireland Fund  

    USD 1,076  24.85  2.26%

    Russell OW probability of target price tool provides mechanism to make assumptions about upside and downside potential of Russell OW Glbl High Dividend Eq B USD 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
     1,076 30 days 1,076  ABOUT 27.67%
    Based on normal probability distribution, the odds of Russell OW to move above current price in 30 days from now is about 27.67% (This Russell OW Glbl High Dividend Eq B USD 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 Glbl High Dividend Eq B USD has beta of -0.0939 . 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 Glbl High Dividend Eq B USD is likely to outperform the market. Additionally Russell OW Glbl High Dividend Eq B USD 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 
          Price 
    α
    Alpha over DOW
    =0.19
    β
    Beta against DOW=0.09
    σ
    Overall volatility
    =576.16
    Ir
    Information ratio =0.0064

    Russell OW Alerts

    Russell OW Alerts and Suggestions

    Russell OW Glbl is not yet fully synchronised with the market data
    Russell OW Glbl generates negative expected return over the last 30 days
    The fund retains about 9.24% of its assets under management (AUM) in cash

    Price Density Drivers

    Russell OW 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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