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