|Horizon||30 Days Login to change|
Peerless Income Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|20.16||30 days||20.16||NEAR 1%|
Based on normal probability distribution, the odds of Peerless Income to move above current price in 30 days from now is near 1% (This Peerless Income Pls Dir Gr probability density function shows the probability of Peerless Income Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, Peerless Income has beta of 0.0029 suggesting as returns on market go up, Peerless Income average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Peerless Income Pls Dir Gr will be expected to be much smaller as well. Additionally Peerless Income Pls Dir Gr has an alpha of 0.1203 implying that it can potentially generate 0.1203% excess return over DOW after adjusting for the inherited market risk (beta).
Peerless Income Price Density
|Alpha over DOW||=||0.12|
|Beta against DOW||=||0.0029|