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

    IE00BVYPNX17 -- Ireland Fund  

    USD 12.89  0.07  0.55%

    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
     12.89 30 days 12.89  ABOUT 20.23%
    Based on normal probability distribution, the odds of Guinness Global to move above current price in 30 days from now is about 20.23% (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 0.2548 . 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 Guinness Global Equity Income Y USD Acc has an alpha of 0.1763 implying that it can potentially generate 0.1763% excess return over DOW after adjusting for the inherited market risk (beta).
     Guinness Global Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.18
    β
    Beta against DOW=0.25
    σ
    Overall volatility
    =6.46
    Ir
    Information ratio =0.15

    Guinness Global Alerts

    Guinness Global Alerts and Suggestions

    The fund retains 97.82% of its assets under management (AUM) in equities
    Please also check Risk vs Return Analysis. Please also try Equity Search module to search for activelly-traded equities including funds and etfs from over 30 global markets.
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