Kames Abs (Ireland) Probability of Target Price Finishing Over Current Price

    IE00BVVQ0700 -- Ireland Fund  

    GBp 10.39  0.0031  0.0298%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     10.39 30 days 10.39  ABOUT 28.18%
    Based on normal probability distribution, the odds of Kames Abs to move above current price in 30 days from now is about 28.18% (This Kames Abs Ret Bd Glbl C GBP Acc probability density function shows the probability of Kames Abs Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Kames Abs has beta of 0.0032 . This indicates as returns on market go up, Kames Abs average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Kames Abs Ret Bd Glbl C GBP Acc will be expected to be much smaller as well. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Kames Abs Ret is significantly underperforming DOW.
     Kames Abs Price Density 
          Price 
    α
    Alpha over DOW
    =0.0058
    β
    Beta against DOW=0.0032
    σ
    Overall volatility
    =4.54
    Ir
    Information ratio =0.06

    Kames Abs Alerts and Suggestions

    Kames Abs Ret is not yet fully synchronised with the market data
    The fund retains about 53.62% of its assets under management (AUM) in cash

    Kames AbsPrice Density Drivers

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