|Current Price||Horizon||Target Price||Odds 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