|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 11.65 ||30 days|| 11.65 || ABOUT 87.56%|
Based on normal probability distribution, the odds of Principal Preferred to move above current price in 30 days from now is about 87.56% (This Principal Preferred Secs D USD probability density function shows the probability of Principal Preferred Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Principal Preferred Secs D USD has beta of -0.0798 suggesting as returns on benchmark increase, returns on holding Principal Preferred are expected to decrease at a much smaller rate. During bear market, however, Principal Preferred Secs D USD is likely to outperform the market. Additionally Principal Preferred Secs D USDIt does not look like Principal Preferred alpha can have any bearing on the equity current valuation.
Principal Preferred Price Density
| || |
|Current Price || ||Target Price || |