|Horizon||30 Days Login to change|
Wellington Global Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|11.78||30 days||11.78||ABOUT 12.01%|
Based on normal probability distribution, the odds of Wellington Global to move above current price in 30 days from now is about 12.01% (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 Bond USD D Acc H has beta of -0.0445 . This indicates as returns on benchmark increase, returns on holding Wellington Global are expected to decrease at a much smaller rate. During bear market, however, Wellington Global Bond USD D Acc H is likely to outperform the market. Additionally The company has an alpha of 0.0288 implying that it can potentially generate 0.0288% excess return over DOW after adjusting for the inherited market risk (beta).
Wellington Global Price Density
|Alpha over DOW||=||0.028794|
|Beta against DOW||=||0.04|