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

    F00000SGGM -- Ireland Fund  

    USD 11.03  0.04  0.36%

    Payden USD probability of target price tool provides mechanism to make assumptions about upside and downside potential of Payden USD Low Duration Credit USD Acc performance during a given time horizon utilizing its historical volatility. Please specify Payden USD time horizon, a valid symbol (red box) and a target price (blue box) you would like Payden USD odds to be computed. Additionally see Investing Opportunities.
    Horizon     30 Days    Login   to change
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    Payden USD Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     11.03 30 days 11.03  ABOUT 28.51%
    Based on normal probability distribution, the odds of Payden USD to move above current price in 30 days from now is about 28.51% (This Payden USD Low Duration Credit USD Acc probability density function shows the probability of Payden USD Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Payden USD Low Duration Credit USD Acc has beta of -0.0287 suggesting as returns on benchmark increase, returns on holding Payden USD are expected to decrease at a much smaller rate. During bear market, however, Payden USD Low Duration Credit USD Acc is likely to outperform the market. Additionally The company has an alpha of 0.0313 implying that it can potentially generate 0.0313% excess return over DOW after adjusting for the inherited market risk (beta).
     Payden USD Price Density 
    Alpha over DOW
    Beta against DOW=0.03
    Overall volatility
    Information ratio =0.12

    Payden USD Alerts and Suggestions

    Payden USD Low is not yet fully synchronised with the market data
    Payden USD Low generates negative expected return over the last 30 days
    The fund retains all of the assets under management (AUM) in different types of exotic instruments

    Payden USDPrice Density Drivers