|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 49.80 ||30 days|| 49.80 || ABOUT 28.81%|
Based on normal probability distribution, the odds of JM Balanced to move above current price in 30 days from now is about 28.81% (This JM Balanced Dir HY Bns Princ probability density function shows the probability of JM Balanced Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, JM Balanced Dir HY Bns Princ has beta of -0.0308 suggesting as returns on benchmark increase, returns on holding JM Balanced are expected to decrease at a much smaller rate. During bear market, however, JM Balanced Dir HY Bns Princ is likely to outperform the market. Additionally JM Balanced Dir HY Bns Princ has an alpha of 0.1025 implying that it can potentially generate 0.1025% excess return over DOW after adjusting for the inherited market risk (beta).
JM Balanced Price Density
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|Current Price || ||Target Price || |