PGIM Global (Ireland) Probability of Target Price Finishing Over Current Price

    IE00BRGCKQ46 -- Ireland Fund  

    CAD 1,067  0.74  0.07%

    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.
    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
     1,067 30 days 1,067  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 Total Return CAD Acc has beta of -0.0151 . This indicates as returns on benchmark increase, returns on holding PGIM Global are expected to decrease at a much smaller rate. During bear market, however, PGIM Global Total Return CAD Acc is likely to outperform the market. 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
    =0.02
    β
    Beta against DOW=0.02
    σ
    Overall volatility
    =322.11
    Ir
    Information ratio =2.72

    PGIM Global Alerts

    PGIM Global Alerts and Suggestions

    PGIM Global Total is not yet fully synchronised with the market data
    The fund retains about 5.22% of its assets under management (AUM) in cash

    Price Density Drivers

    PGIM Global Health Indicators

    Please also check Risk vs Return Analysis. Please also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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