Nedgroup Inv (Ireland) Probability of Target Price Finishing Over Current Price

    IE00B9CBCV86 -- Ireland Fund  

    USD 10.51  0.08  0.01%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     10.51 30 days 10.51  ABOUT 36.54%
    Based on normal probability distribution, the odds of Nedgroup Inv to move above current price in 30 days from now is about 36.54% (This Nedgroup Inv MultiFunds Balanced C USD probability density function shows the probability of Nedgroup Inv Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Nedgroup Inv has beta of 0.033 . This indicates as returns on market go up, Nedgroup Inv average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Nedgroup Inv MultiFunds Balanced C USD will be expected to be much smaller as well. Additionally The company has an alpha of 0.0427 implying that it can potentially generate 0.0427% excess return over DOW after adjusting for the inherited market risk (beta).
     Nedgroup Inv Price Density 
          Price 
    α
    Alpha over DOW
    =0.042685
    β
    Beta against DOW=0.033
    σ
    Overall volatility
    =4.02
    Ir
    Information ratio =0.39

    Nedgroup Inv Alerts

    Nedgroup Inv Alerts and Suggestions

    Nedgroup Inv is not yet fully synchronised with the market data
    Nedgroup Inv generates negative expected return over the last 30 days
    The fund retains about 54.22% of its assets under management (AUM) in cash

    Price Density Drivers

    Nedgroup Inv Health Indicators

    Please also check Risk vs Return Analysis. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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