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

    IE00BRGCKQ46 -- Ireland Fund  

    CAD 1,116  8.20  0.74%

    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
     1,116 30 days 1,116  ABOUT 16.53%
    Based on normal probability distribution, the odds of PGIM Global to move above current price in 30 days from now is about 16.53% (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 -0.1352 . 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 The company has a negative alpha implying that the risk taken by holding this equity is not justified. PGIM Global Total is significantly underperforming DOW.
     PGIM Global Price Density 
          Price 
    α
    Alpha over DOW
    =0.04
    β
    Beta against DOW=0.14
    σ
    Overall volatility
    =556.16
    Ir
    Information ratio =0.05

    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

    PGIM GlobalPrice Density Drivers

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