Majedie Asset (Ireland) Probability of Target Price Finishing Over Current Price

    IE00BNGWY083 -- Ireland Fund  

    GBp 182.00  0.00  0.00%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     182.00 30 days 182.00  ABOUT 14.18%
    Based on normal probability distribution, the odds of Majedie Asset to move above current price in 30 days from now is about 14.18% (This Majedie Asset Mgmt US Equity Z GBP Acc probability density function shows the probability of Majedie Asset Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Majedie Asset has beta of 0.1079 . This indicates as returns on market go up, Majedie Asset average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Majedie Asset Mgmt US Equity Z GBP Acc will be expected to be much smaller as well. Additionally Majedie Asset Mgmt US Equity Z GBP Acc has an alpha of 0.1861 implying that it can potentially generate 0.1861% excess return over DOW after adjusting for the inherited market risk (beta).
     Majedie Asset Price Density 
          Price 
    α
    Alpha over DOW
    =0.19
    β
    Beta against DOW=0.11
    σ
    Overall volatility
    =90.28
    Ir
    Information ratio =0.25

    Majedie Asset Alerts

    Majedie Asset Alerts and Suggestions

    Majedie Asset Mgmt is not yet fully synchronised with the market data
    The fund retains 97.38% of its assets under management (AUM) in equities

    Price Density Drivers

    Majedie Asset Health Indicators

    Please also check Risk vs Return Analysis. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.
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