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

    IE00BKRCNJ87 -- Ireland Fund  

    USD 2.32  0.00  0.00%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     2.32 30 days 2.32  ROUGHLY 2.06%
    Based on normal probability distribution, the odds of Hermes Multi to move above current price in 30 days from now is roughly 2.06% (This Hermes Multi Strategy Credit F USD Acc probability density function shows the probability of Hermes Multi Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Hermes Multi has beta of 0.0 . This indicates unless we do not have required data, the returns on DOW and Hermes Multi are completely uncorrelated. Additionally Hermes Multi Strategy Credit F USD AccIt does not look like Hermes Multi alpha can have any bearing on the equity current valuation.
     Hermes Multi Price Density 
          Price 
    α
    Alpha over DOW
    =0.00
    β
    Beta against DOW=0.00
    σ
    Overall volatility
    =0.92
    Ir
    Information ratio =0.00

    Hermes Multi Alerts

    Hermes Multi Alerts and Suggestions

    Hermes Multi is not yet fully synchronised with the market data
    Hermes Multi generates negative expected return over the last 30 days
    The fund retains about 55.6% of its assets under management (AUM) in cash

    Price Density Drivers

    Hermes Multi Health Indicators

    Please also check Risk vs Return Analysis. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.
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