SLXXL (Ireland) Probability of Target Price Finishing Over Current Price

    SLXXL -- Ireland Fund  

    GBp 14,024  8.00  0.06%

    SLXXL probability of target price tool provides mechanism to make assumptions about upside and downside potential of SLXXL performance during a given time horizon utilizing its historical volatility. Please specify SLXXL time horizon, a valid symbol (red box) and a target price (blue box) you would like SLXXL odds to be computed. Also please take a look at World Market Map.
    Horizon     30 Days    Login   to change
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    SLXXL Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     14,024 30 days 14,024  ABOUT 16.44%
    Based on normal probability distribution, the odds of SLXXL to move above current price in 30 days from now is about 16.44% (This SLXXL probability density function shows the probability of SLXXL Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, SLXXL has beta of -0.0019 . This entails as returns on benchmark increase, returns on holding SLXXL are expected to decrease at a much smaller rate. During bear market, however, SLXXL is likely to outperform the market. Additionally SLXXL has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     SLXXL Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.01
    β
    Beta against DOW=0.0019
    σ
    Overall volatility
    =7,179
    Ir
    Information ratio =5.34

    SLXXL Alerts

    SLXXL Alerts and Suggestions

    SLXXL is not yet fully synchronised with the market data
    SLXXL generates negative expected return over the last 30 days
    Also please take a look at World Market Map. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.
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