|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 11.25 ||30 days|| 11.25 || ABOUT 23.97%|
Based on normal probability distribution, the odds of Payden Absolute to move above current price in 30 days from now is about 23.97% (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 0.0 suggesting unless we do not have required data, the returns on DOW and Payden Absolute are completely uncorrelated. Additionally Payden Absolute Return Bond USD AccIt does not look like Payden Absolute alpha can have any bearing on the equity current valuation.
Payden Absolute Price Density
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|Current Price || ||Target Price || |