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

    F00000QGOE -- Ireland Fund  

    GBp 1,087  4.00  0.37%

    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
     1,087 30 days 1,087  ABOUT 28.88%
    Based on normal probability distribution, the odds of Payden Absolute to move above current price in 30 days from now is about 28.88% (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 Return Bond GBP Acc has beta of -0.0768 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 GBP Acc is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Payden Absolute Return is significantly underperforming DOW.
     Payden Absolute Price Density 
    Alpha over DOW
    Beta against DOW=0.08
    Overall volatility
    Information ratio =0.23

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