Payden Absolute (Ireland) Probability of Target Price Finishing Over Current Price

    F00000QGOD -- Ireland Fund  

    USD 11.31  0.01  0.09%

    Payden Absolute probability of target price tool provides mechanism to make assumptions about upside and downside potential of Payden Absolute Return Bond USD Acc performance during a given time horizon utilizing its historical volatility. Please specify Payden Absolute time horizon, a valid symbol (red box) and a target price (blue box) you would like Payden Absolute odds to be computed. Additionally see Investing Opportunities.
    Horizon     30 Days    Login   to change
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    Payden Absolute Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     11.31 30 days 11.31  ABOUT 27.74%
    Based on normal probability distribution, the odds of Payden Absolute to move above current price in 30 days from now is about 27.74% (This Payden Absolute Return Bond USD Acc probability density function shows the probability of Payden Absolute Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Payden Absolute Return Bond USD Acc has beta of -0.0194 suggesting as returns on benchmark increase, returns on holding Payden Absolute are expected to decrease at a much smaller rate. During bear market, however, Payden Absolute Return Bond USD Acc is likely to outperform the market. Additionally Payden Absolute Return Bond USD Acc has an alpha of 0.0158 implying that it can potentially generate 0.0158% excess return over DOW after adjusting for the inherited market risk (beta).
     Payden Absolute Price Density 
          Price 
    α
    Alpha over DOW
    =0.015787
    β
    Beta against DOW=0.02
    σ
    Overall volatility
    =5.10
    Ir
    Information ratio =1.23

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