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

    IE00BVYPNX17 -- Ireland Fund  

    USD 12.81  0.08  0.62%

    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
     12.81 30 days 12.81  ABOUT 24.83%
    Based on normal probability distribution, the odds of Guinness Global to move above current price in 30 days from now is about 24.83% (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 Equity Income Y USD Acc has beta of -0.1675 . This indicates as returns on benchmark increase, returns on holding Guinness Global are expected to decrease at a much smaller rate. During bear market, however, Guinness Global Equity Income Y USD Acc is likely to outperform the market. Additionally Guinness Global Equity Income Y USD Acc has an alpha of 0.2239 implying that it can potentially generate 0.2239% excess return over DOW after adjusting for the inherited market risk (beta).
     Guinness Global Price Density 
          Price 
    α
    Alpha over DOW
    =0.22
    β
    Beta against DOW=0.17
    σ
    Overall volatility
    =6.04
    Ir
    Information ratio =0.41

    Guinness Global Alerts

    Guinness Global Alerts and Suggestions

    Guinness Global is not yet fully synchronised with the market data
    The fund retains 97.82% of its assets under management (AUM) in equities
    Please also check Risk vs Return Analysis. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.
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