Wellington Global (Ireland) Probability of Target Price Finishing Over

    IE00B6WXRZ21 -- Ireland Fund  

    USD 11.56  0.05  0.43%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     11.56 30 days 11.56  ABOUT 5.36%
    Based on normal probability distribution, the odds of Wellington Global to move above current price in 30 days from now is about 5.36% (This Wellington Global Bond USD D Acc H probability density function shows the probability of Wellington Global Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Wellington Global has beta of 0.0138 . This indicates as returns on market go up, Wellington Global average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Wellington Global Bond USD D Acc H will be expected to be much smaller as well. Additionally Wellington Global Bond USD D Acc H has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     Wellington Global Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.01
    β
    Beta against DOW=0.0138
    σ
    Overall volatility
    =5.23
    Ir
    Information ratio =1.86

    Wellington Global Alerts

    Wellington Global Alerts and Suggestions
    The fund retains about 27.6% of its assets under management (AUM) in cash

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    Please also check Risk vs Return Analysis. Please also try Coins and Tokens Correlation module to utilize digital token correlation table to build portfolio of cryptocurrencies across multiple exchanges.