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 
          Price 
    α
    Alpha over DOW
    =0.05
    β
    Beta against DOW=0.08
    σ
    Overall volatility
    =493.41
    Ir
    Information ratio =0.23

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