|Horizon||30 Days Login to change|
PIMCO ABS Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|2,564||30 days||2,564||ABOUT 28.87%|
Based on normal probability distribution, the odds of PIMCO ABS to move above current price in 30 days from now is about 28.87% (This PIMCO ABS BB94USD probability density function shows the probability of PIMCO ABS Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, PIMCO ABS BB94USD has beta of -0.0146 . This suggests as returns on benchmark increase, returns on holding PIMCO ABS are expected to decrease at a much smaller rate. During bear market, however, PIMCO ABS BB94USD is likely to outperform the market. Additionally The company has an alpha of 0.0299 implying that it can potentially generate 0.0299% excess return over DOW after adjusting for the inherited market risk (beta).
PIMCO ABS Price Density
|Alpha over DOW||=||0.029936|
|Beta against DOW||=||0.01|