|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 11.29 ||30 days|| 11.29 || ABOUT 24.5%|
Based on normal probability distribution, the odds of Payden Absolute to move above current price in 30 days from now is about 24.5% (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 has beta of 0.0079 suggesting as returns on market go up, Payden Absolute average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Payden Absolute Return Bond USD Acc will be expected to be much smaller as well. Additionally Payden Absolute Return Bond USD Acc has an alpha of 6.0E-4 implying that it can potentially generate 6.0E-4% excess return over DOW after adjusting for the inherited market risk (beta).
Payden Absolute Price Density
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|Current Price || ||Target Price || |