|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 2,564 ||30 days|| 2,564 || ABOUT 23.98%|
Based on normal probability distribution, the odds of PIMCO ABS to move above current price in 30 days from now is about 23.98% (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 has beta of 0.0 . This suggests unless we do not have required data, the returns on DOW and PIMCO ABS are completely uncorrelated. Additionally PIMCO ABS BB94USDIt does not look like PIMCO ABS alpha can have any bearing on the equity current valuation.
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