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

    IE00B57DQW00 -- Ireland Fund  

    USD 1,145  15.56  1.34%

    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
     1,145 30 days 1,145  ABOUT 8.63%
    Based on normal probability distribution, the odds of Russell OW to move above current price in 30 days from now is about 8.63% (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 has beta of 0.0423 . 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 Glbl High Dividend Eq B USD will be expected to be much smaller as well. 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 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.0097
    β
    Beta against DOW=0.0423
    σ
    Overall volatility
    =563.79
    Ir
    Information ratio =0.17

    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 Commodity Channel Index module to use commodity channel index to analyze current equity momentum.
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