Aberdeen Alternative (Ireland) Probability of Target Price Finishing Over Current Price

    IE00BYW7KM88 -- Ireland Fund  

    EUR 9.57  0.00  0.00%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     9.57 30 days 9.57  ABOUT 24.07%
    Based on normal probability distribution, the odds of Aberdeen Alternative to move above current price in 30 days from now is about 24.07% (This Aberdeen Alternative Strategies A EUR probability density function shows the probability of Aberdeen Alternative Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Aberdeen Alternative Strategies A EUR has beta of -0.0054 . This indicates as returns on benchmark increase, returns on holding Aberdeen Alternative are expected to decrease at a much smaller rate. During bear market, however, Aberdeen Alternative Strategies A EUR is likely to outperform the market. Additionally Aberdeen Alternative Strategies A EUR has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     Aberdeen Alternative Price Density 
          Price 
    α
    Alpha over DOW
    =0.02
    β
    Beta against DOW=0.0054
    σ
    Overall volatility
    =4.79
    Ir
    Information ratio =0.31

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