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 
    Alpha over DOW
    Beta against DOW=0.14
    Overall volatility
    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