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

    IE00BBHXD765 -- Ireland Fund  

    GBp 122.00  2.00  1.61%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     122.00 30 days 122.00  ABOUT 18.98%
    Based on normal probability distribution, the odds of Hermes Global to move above current price in 30 days from now is about 18.98% (This Hermes Global Emerging Markets probability density function shows the probability of Hermes Global Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Hermes Global Emerging Markets has beta of -0.039 . This indicates as returns on benchmark increase, returns on holding Hermes Global are expected to decrease at a much smaller rate. During bear market, however, Hermes Global Emerging Markets 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. Hermes Global Emerging is significantly underperforming DOW.
     Hermes Global Price Density 
          Price 
    α
    Alpha over DOW
    =0.07
    β
    Beta against DOW=0.04
    σ
    Overall volatility
    =73.37
    Ir
    Information ratio =0.08

    Hermes Global Alerts and Suggestions

    Hermes Global is not yet fully synchronised with the market data
    The fund retains 95.72% of its assets under management (AUM) in equities

    Hermes GlobalPrice Density Drivers

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