SLXXL (Ireland) Probability of Target Price Finishing Over

    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.
     Time 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 18.64%
    Based on normal probability distribution, the odds of SLXXL to move above current price in 30 days from now is about 18.64% (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 0.0132 . This entails as returns on market go up, SLXXL average returns are expected to increase less than the benchmark. However during bear market, the loss on holding SLXXL will be expected to be much smaller as well. 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=0.0132
    σ
    Overall volatility
    =7,149
    Ir
    Information ratio =3.12

    SLXXL Alerts

    SLXXL Alerts and Suggestions
    SLXXL generates negative expected return over the last 30 days
    Also please take a look at World Market Map. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.