Hermes Asia (Ireland) Probability of Target Price Finishing Over Current Price

    IE00BRHY9S47 -- Ireland Fund  

    EUR 2.54  0.02  0.78%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     2.54 30 days 2.54  ABOUT 7.02%
    Based on normal probability distribution, the odds of Hermes Asia to move above current price in 30 days from now is about 7.02% (This Hermes Asia Ex Japan Equity C EUR Acc probability density function shows the probability of Hermes Asia Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Hermes Asia Ex Japan Equity C EUR Acc has beta of -0.1092 . This indicates as returns on benchmark increase, returns on holding Hermes Asia are expected to decrease at a much smaller rate. During bear market, however, Hermes Asia Ex Japan Equity C EUR 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. Hermes Asia Ex is significantly underperforming DOW.
     Hermes Asia Price Density 
          Price 
    α
    Alpha over DOW
    =0.16
    β
    Beta against DOW=0.11
    σ
    Overall volatility
    =1.24
    Ir
    Information ratio =0.19

    Hermes Asia Alerts

    Hermes Asia Alerts and Suggestions

    Hermes Asia Ex is not yet fully synchronised with the market data
    Hermes Asia Ex generates negative expected return over the last 30 days
    The fund retains about 8.05% of its assets under management (AUM) in cash

    Price Density Drivers

    Hermes Asia Health Indicators

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