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

    IE00BVYPNX17 -- Ireland Fund  

    USD 11.51  0.20  1.71%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     11.51 30 days 11.51  ABOUT 37.79%
    Based on normal probability distribution, the odds of Guinness Global to move above current price in 30 days from now is about 37.79% (This Guinness Global Equity Income Y USD Acc probability density function shows the probability of Guinness Global Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Guinness Global has beta of 0.0419 . This indicates as returns on market go up, Guinness Global average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Guinness Global Equity Income Y USD 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. Guinness Global Equity is significantly underperforming DOW.
     Guinness Global Price Density 
          Price 
    α
    Alpha over DOW
    =0.08
    β
    Beta against DOW=0.0419
    σ
    Overall volatility
    =5.41
    Ir
    Information ratio =0.1

    Guinness Global Alerts

    Guinness Global Alerts and Suggestions

    Guinness Global is not yet fully synchronised with the market data
    Guinness Global generates negative expected return over the last 30 days
    The fund retains 97.82% of its assets under management (AUM) in equities

    Price Density Drivers

    Guinness Global Health Indicators

    Please also check Risk vs Return Analysis. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.
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