Janus Balanced (Ireland) Probability of Target Price Finishing Over

    IE00BFSS8623 -- Ireland Fund  

    CAD 12.81  0.09  0.71%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     12.81 30 days 12.81  ABOUT 29.16%
    Based on normal probability distribution, the odds of Janus Balanced to move above current price in 30 days from now is about 29.16% (This Janus Balanced I CAD Acc Hedged probability density function shows the probability of Janus Balanced Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Janus Balanced I CAD Acc Hedged has beta of -0.3226 . This indicates as returns on benchmark increase, returns on holding Janus Balanced are expected to decrease at a much smaller rate. During bear market, however, Janus Balanced I CAD Acc Hedged is likely to outperform the market. Additionally Janus Balanced I CAD Acc Hedged has an alpha of 0.1653 implying that it can potentially generate 0.1653% excess return over DOW after adjusting for the inherited market risk (beta).
     Janus Balanced Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.17
    β
    Beta against DOW=0.32
    σ
    Overall volatility
    =5.45
    Ir
    Information ratio =0.13

    Janus Balanced Alerts

    Janus Balanced Alerts and Suggestions
    The fund retains about 38.77% of its assets under management (AUM) in fixed income securities
    Please also check Risk vs Return Analysis. Please also try Equity Analysis module to research over 250,000 global equities including funds, stocks and etfs to find investment opportunities.