PGIM Global (Ireland) Probability of Target Price Finishing Over

    IE00BRGCKQ46 -- Ireland Fund  

    CAD 1,091  0.46  0.0422%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     1,091 30 days 1,091  NEAR 1%
    Based on normal probability distribution, the odds of PGIM Global to move above current price in 30 days from now is near 1% (This PGIM Global Total Return CAD Acc probability density function shows the probability of PGIM Global Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, PGIM Global has beta of 0.157 . This indicates as returns on market go up, PGIM Global average returns are expected to increase less than the benchmark. However during bear market, the loss on holding PGIM Global Total Return CAD Acc will be expected to be much smaller as well. Additionally PGIM Global Total Return CAD Acc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     PGIM Global Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.07
    β
    Beta against DOW=0.16
    σ
    Overall volatility
    =388.31
    Ir
    Information ratio =0.25

    PGIM Global Alerts

    PGIM Global Alerts and Suggestions
    The fund retains about 5.22% of its assets under management (AUM) in cash
    Please also check Risk vs Return Analysis. Please also try Financial Widgets module to easily integrated macroaxis content with over 30 different plug-and-play financial widgets.