|Horizon||30 Days Login to change|
Guinness Global Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds 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
|Alpha over DOW||=||0.08|
|Beta against DOW||=||0.0419|