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

    F00000QGOE -- Ireland Fund  

    GBp 1,099  2.00  0.18%

    Payden Absolute probability of target price tool provides mechanism to make assumptions about upside and downside potential of Payden Absolute Return Bond GBP 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
     1,099 30 days 1,099  ABOUT 21.56%
    Based on normal probability distribution, the odds of Payden Absolute to move above current price in 30 days from now is about 21.56% (This Payden Absolute Return Bond GBP 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 0.008 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 GBP Acc will be expected to be much smaller as well. Additionally Payden Absolute Return Bond GBP Acc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     Payden Absolute Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.04
    β
    Beta against DOW=0.008
    σ
    Overall volatility
    =557.81
    Ir
    Information ratio =0.19

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    Additionally see Investing Opportunities. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.
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