|Horizon||30 Days Login to change|
III UCITS Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|102,674||30 days||102,674||ABOUT 33.06%|
Based on normal probability distribution, the odds of III UCITS to move above current price in 30 days from now is about 33.06% (This III UCITS Credit Opportunities C2 probability density function shows the probability of III UCITS Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, III UCITS Credit Opportunities C2 has beta of -0.0687 . This indicates as returns on benchmark increase, returns on holding III UCITS are expected to decrease at a much smaller rate. During bear market, however, III UCITS Credit Opportunities C2 is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. III UCITS Credit is significantly underperforming DOW.
III UCITS Price Density
|Alpha over DOW||=||0.19|
|Beta against DOW||=||0.07|