Angel Oak Probability of Target Price Finishing Above 9.48

ANFIX -- USA Fund  

USD 9.48  0.01  0.11%

Angel Oak probability of target price tool provides mechanism to make assumptions about upside and downside potential of Angel Oak Financials Income Fun performance during a given time horizon utilizing its historical volatility. Please specify Angel Oak time horizon, a valid symbol (red box) and a target price (blue box) you would like Angel Oak odds to be computed. Check also Angel Oak Backtesting, Portfolio Optimization, Angel Oak Correlation, Angel Oak Hype Analysis, Angel Oak Volatility, Angel Oak History as well as Angel Oak Performance.
Horizon     30 Days    Login   to change
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Angel Oak Target Price Odds to finish below 9.48

Current PriceHorizonTarget PriceOdds to move below current price in 30 days
 9.48 30 days 9.48 
about 63.25
Based on normal probability distribution, the odds of Angel Oak to move below current price in 30 days from now is about 63.25 (This Angel Oak Financials Income Fun probability density function shows the probability of Angel Oak Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Angel Oak Financials Income Fun has beta of -0.0194 . This suggests as returns on benchmark increase, returns on holding Angel Oak are expected to decrease at a much smaller rate. During bear market, however, Angel Oak Financials Income Fun is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Angel Oak Financials is significantly underperforming DOW.
 Angel Oak Price Density 
      Price 
α
Alpha over DOW
=0.0093
β
Beta against DOW=0.02
σ
Overall volatility
=0.022637
Ir
Information ratio =0.75

Angel Oak Alerts and Suggestions

The fund holds about 91.1% of its assets under management (AUM) in fixed income securities

Angel OakPrice Density Drivers

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