Payden USD (Ireland) Probability of Target Price Finishing Over

    F00000SGGM -- Ireland Fund  

    USD 11.00  0.00  0.00%

    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.
     Time 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
     11.00 30 days 11.00  ABOUT 23.11%
    Based on normal probability distribution, the odds of Payden USD to move above current price in 30 days from now is about 23.11% (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 has beta of 0.0159 suggesting as returns on market go up, Payden USD average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Payden USD Low Duration Credit USD Acc will be expected to be much smaller as well. Additionally Payden USD Low Duration Credit USD Acc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     Payden USD Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.02
    β
    Beta against DOW=0.0159
    σ
    Overall volatility
    =5.66
    Ir
    Information ratio =0.62

    Payden USD Alerts

    Payden USD Alerts and Suggestions
    The fund retains all of the assets under management (AUM) in different types of exotic instruments
    Additionally see Investing Opportunities. Please also try Portfolio Quick Import module to import or update all your transactions via one easy-to-use interface.