TwentyFour Corporate (Ireland) Probability of Target Price Finishing Over Current Price

    IE00BSMTGG87 -- Ireland Fund  

    GBp 11,316  4.00  0.0004%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     11,316 30 days 11,316  ABOUT 6.59%
    Based on normal probability distribution, the odds of TwentyFour Corporate to move above current price in 30 days from now is about 6.59% (This TwentyFour Corporate Bond I Acc hdg probability density function shows the probability of TwentyFour Corporate Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, TwentyFour Corporate Bond I Acc hdg has beta of -0.0087 . This indicates as returns on benchmark increase, returns on holding TwentyFour Corporate are expected to decrease at a much smaller rate. During bear market, however, TwentyFour Corporate Bond I Acc hdg 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. TwentyFour Corporate is significantly underperforming DOW.
     TwentyFour Corporate Price Density 
          Price 
    α
    Alpha over DOW
    =0.01
    β
    Beta against DOW=0.0087
    σ
    Overall volatility
    =5,270
    Ir
    Information ratio =0.25

    TwentyFour Corporate Alerts

    TwentyFour Corporate Alerts and Suggestions

    TwentyFour Corporate is not yet fully synchronised with the market data
    The fund retains about 92.06% of its assets under management (AUM) in fixed income securities

    Price Density Drivers

    TwentyFour Corporate Health Indicators

    Please also check Risk vs Return Analysis. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.
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