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   
    Alpha over DOW
    Beta against DOW=0.0019
    Overall volatility
    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.