US69354NAD84 Profile

69354NAD8   84.26  1.19  1.43%   

Market Performance

2 of 100

Odds Of Default

Less than 41

PRA GROUP INC 5 percent 01Oct2029 is a Corporate bonds world rest issued by PRA Group Inc. on the 17th of September 2021. The bond matures on the 1st of October 2029 and carries the semi-annual coupon of 5.000%. 69354NAD8 is trading at 84.26 as of the 24th of March 2023, a 1.43 percent increase since the beginning of the trading day. The bond's open price was 83.07. 69354NAD8 has about a 41 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Ratings for US69354NAD84 are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of April 2020 and ending today, the 24th of March 2023. Click here to learn more.

69354NAD8 Bond Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. 69354NAD8's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding 69354NAD8 or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fama & French Classification
Bond TypeCorporate bonds world rest
IssuerPRA Group Inc.
Sub Product AssetCORP
Next Call Date1st of October 2024
Coupon Payment FrequencySemi-Annual
Sub Product Asset TypeCorporate Bond
NamePRA GROUP INC 5 percent 01Oct2029
C U S I P69354NAD8
Update Date23rd of February 2023
First Trading Day22nd of September 2021
Last Trade Date27th of September 2022
Moody Rating Update Date26th of February 2023
Offering Date17th of September 2021
Debt TypeSenior Unsecured Note
Issue Date22nd of September 2021
S P Rating Update Date26th of February 2023
I S I NUS69354NAD84
Moody RatingBa2
Yield To Maturity7.967
First Coupon Date1st of April 2022
Maturity Date1st of October 2029
US69354NAD84 (69354NAD8) is traded in USA.

69354NAD8 Target Price Odds Analysis

What are 69354NAD8's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of 69354NAD8 jumping above the current price in 90 days from now is about 59.52%. The US69354NAD84 probability density function shows the probability of 69354NAD8 bond to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon US69354NAD84 has a beta of -0.3593. This usually implies as returns on benchmark increase, returns on holding 69354NAD8 are expected to decrease at a much lower rate. During the bear market, however, US69354NAD84 is likely to outperform the market. Additionally, the company has an alpha of 0.3136, implying that it can generate a 0.31 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 84.26HorizonTargetOdds Above 84.26
40.17%90 days
Based on a normal probability distribution, the odds of 69354NAD8 to move above the current price in 90 days from now is about 59.52 (This US69354NAD84 probability density function shows the probability of 69354NAD8 Bond to fall within a particular range of prices over 90 days) .

US69354NAD84 Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. 69354NAD8 market risk premium is the additional return an investor will receive from holding 69354NAD8 long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in 69354NAD8. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although 69354NAD8's alpha and beta are two of the key measurements used to evaluate 69354NAD8's performance over the market, the standard measures of volatility play an important role as well.

69354NAD8 Against Markets

Picking the right benchmark for 69354NAD8 bond is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in 69354NAD8 bond price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for 69354NAD8 is critical whether you are bullish or bearish towards US69354NAD84 at a given time.