PIMCO ABS (Ireland) Probability of Target Price Finishing Over Current Price

    21470961 -- Ireland Fund  

    USD 2,564  11.78  0.46%

    PIMCO ABS probability of target price tool provides mechanism to make assumptions about upside and downside potential of PIMCO ABS BB94USD performance during a given time horizon utilizing its historical volatility. Please specify PIMCO ABS time horizon, a valid symbol (red box) and a target price (blue box) you would like PIMCO ABS odds to be computed. Check also Trending Equities.
    Horizon     30 Days    Login   to change
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    PIMCO ABS Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds 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
    Beta against DOW=0.01
    Overall volatility
    Information ratio =0.1

    PIMCO ABS Alerts

    PIMCO ABS Alerts and Suggestions

    PIMCO ABS BB94USD is not yet fully synchronised with the market data
    Check also Trending Equities. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.
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