HSBC US (Ireland) Probability of Target Price Finishing Over

    IE00BYYJHW11 -- Ireland Fund  

    USD 1.03  0.00  0.00%

    HSBC US probability of target price tool provides mechanism to make assumptions about upside and downside potential of HSBC US Dollar Liquidity L performance during a given time horizon utilizing its historical volatility. Please specify HSBC US time horizon, a valid symbol (red box) and a target price (blue box) you would like HSBC US odds to be computed. Please also check Risk vs Return Analysis.
     Time Horizon     30 Days    Login   to change
    Refresh Odds

    HSBC US Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     1.03 30 days 1.03  ABOUT 22.97%
    Based on normal probability distribution, the odds of HSBC US to move above current price in 30 days from now is about 22.97% (This HSBC US Dollar Liquidity L probability density function shows the probability of HSBC US Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, HSBC US Dollar Liquidity L has beta of -0.0393 . This indicates as returns on benchmark increase, returns on holding HSBC US are expected to decrease at a much smaller rate. During bear market, however, HSBC US Dollar Liquidity L is likely to outperform the market. Additionally HSBC US Dollar Liquidity L has an alpha of 0.1177 implying that it can potentially generate 0.1177% excess return over DOW after adjusting for the inherited market risk (beta).
     HSBC US Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.12
    β
    Beta against DOW=0.04
    σ
    Overall volatility
    =0.53
    Ir
    Information ratio =0.05

    HSBC US Alerts

    HSBC US Alerts and Suggestions
    HSBC US Dollar generates negative expected return over the last 30 days
    HSBC US Dollar has some characteristics of a very speculative penny stock
    The fund retains about 100.0% of its assets under management (AUM) in cash
    Please also check Risk vs Return Analysis. Please also try Crypto Portfolio Optimizer module to optimize portfolio of digital coins and token across multiple currency and exchanges.