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

    IE00B62DW576 -- Ireland Fund  

    USD 756.05  0.00  0.00%

    Russell OW probability of target price tool provides mechanism to make assumptions about upside and downside potential of Russell OW Comm LN P 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
     756.05 30 days 756.05  NEARLY 4.45%
    Based on normal probability distribution, the odds of Russell OW to move above current price in 30 days from now is nearly 4.45% (This Russell OW Comm LN P 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 Comm LN P has beta of -0.2016 . 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 Comm LN P is likely to outperform the market. Additionally The company has an alpha of 0.0215 implying that it can potentially generate 0.0215% excess return over DOW after adjusting for the inherited market risk (beta).
     Russell OW Price Density 
          Price 
    α
    Alpha over DOW
    =0.021497
    β
    Beta against DOW=0.2
    σ
    Overall volatility
    =337.96
    Ir
    Information ratio =0.3

    Russell OW Alerts and Suggestions

    Russell OW Comm is not yet fully synchronised with the market data
    Russell OW Comm generates negative expected return over the last 30 days
    Russell OW Comm generated five year return of -3.0%
    This fund retains about 98.79% of its assets under management (AUM) in cash

    Russell OWPrice Density Drivers

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