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

    IE00B643SZ75 -- Ireland Fund  

    USD 1,327  0.44  0.0332%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     1,327 30 days 1,327  ABOUT 21.83%
    Based on normal probability distribution, the odds of Russell Global to move above current price in 30 days from now is about 21.83% (This Russell Global High Yield DH B RllUp Acc probability density function shows the probability of Russell Global Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Russell Global High Yield DH B RllUp Acc has beta of -0.0013 . This indicates as returns on benchmark increase, returns on holding Russell Global are expected to decrease at a much smaller rate. During bear market, however, Russell Global High Yield DH B RllUp Acc is likely to outperform the market. Additionally Russell Global High Yield DH B RllUp Acc has an alpha of 0.0241 implying that it can potentially generate 0.0241% excess return over DOW after adjusting for the inherited market risk (beta).
     Russell Global Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.024059
    β
    Beta against DOW=0.0013
    σ
    Overall volatility
    =683.97
    Ir
    Information ratio =0.74

    Russell Global Alerts

    Russell Global Alerts and Suggestions

    The fund retains about 8.61% of its assets under management (AUM) in cash
    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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