|Horizon||30 Days Login to change|
Wellington Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|15.55||30 days||15.55||ABOUT 37.37%|
Based on normal probability distribution, the odds of Wellington to move above current price in 30 days from now is about 37.37% (This Wellington US Core HY Bd USD S Acc probability density function shows the probability of Wellington Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, Wellington US Core HY Bd USD S Acc has beta of -0.2052 suggesting as returns on benchmark increase, returns on holding Wellington are expected to decrease at a much smaller rate. During bear market, however, Wellington US Core HY Bd USD S Acc is likely to outperform the market. Additionally The company has an alpha of 0.0993 implying that it can potentially generate 0.0993% excess return over DOW after adjusting for the inherited market risk (beta).
Wellington Price Density
|Alpha over DOW||=||0.1|
|Beta against DOW||=||0.21|