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

    IE00BZ08YS42 -- Ireland Fund  

    EUR 11.46  0.06  0.52%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     11.46 30 days 11.46  ABOUT 20.31%
    Based on normal probability distribution, the odds of Guinness Best to move above current price in 30 days from now is about 20.31% (This Guinness Best of China C EUR Acc probability density function shows the probability of Guinness Best Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Guinness Best of China C EUR Acc has beta of -0.0197 . This indicates as returns on benchmark increase, returns on holding Guinness Best are expected to decrease at a much smaller rate. During bear market, however, Guinness Best of China C EUR Acc is likely to outperform the market. Additionally Guinness Best of China C EUR Acc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     Guinness Best Price Density 
          Price 
    α
    Alpha over DOW
    =0.02
    β
    Beta against DOW=0.02
    σ
    Overall volatility
    =7.10
    Ir
    Information ratio =0.16

    Guinness Best Alerts

    Guinness Best Alerts and Suggestions

    Guinness Best is not yet fully synchronised with the market data
    The fund retains 97.56% of its assets under management (AUM) in equities

    Price Density Drivers

    Guinness Best Health Indicators

    Please also check Risk vs Return Analysis. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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