Payden Absolute (Ireland) Probability of Target Price Finishing Over

    F00000QGOE -- Ireland Fund  

    GBp 1,099  1.00  0.09%

    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.
     Time 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 21.0%
    Based on normal probability distribution, the odds of Payden Absolute to move above current price in 30 days from now is about 21.0% (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 0.0239 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
    =0.06
    β
    Beta against DOW=0.0239
    σ
    Overall volatility
    =566.72
    Ir
    Information ratio =1.18

    Current Sentiment - F00000QGOE

    Payden Absolute Return Investor Sentiment
    Macroaxis portfolio users are insensible in their opinion about investing in Payden Absolute Return Bond GBP Acc. What is your perspective on investing in Payden Absolute Return Bond GBP Acc? Are you bullish or bearish?
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    Additionally see Investing Opportunities. Please also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.