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

    IE00BNGWY083 -- Ireland Fund  

    GBp 171.00  4.00  2.29%

    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
     171.00 30 days 171.00  ABOUT 19.09%
    Based on normal probability distribution, the odds of Majedie Asset to move above current price in 30 days from now is about 19.09% (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 Mgmt US Equity Z GBP Acc has beta of -0.2029 . This indicates as returns on benchmark increase, returns on holding Majedie Asset are expected to decrease at a much smaller rate. During bear market, however, Majedie Asset Mgmt US Equity Z GBP Acc is likely to outperform the market. Additionally The company has an alpha of 0.1922 implying that it can potentially generate 0.1922% 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=0.2
    σ
    Overall volatility
    =94.04
    Ir
    Information ratio =0.16

    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

    Majedie AssetPrice Density Drivers

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