|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 101,234 ||30 days|| 101,234 || ABOUT 33.15%|
Based on normal probability distribution, the odds of Russell Floating to move above current price in 30 days from now is about 33.15% (This Russell Floating Rate Fd I Stg H Income probability density function shows the probability of Russell Floating Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, the fund has beta coefficient of 95.0 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Russell Floating will likely underperform. In addition to that Russell Floating Rate Fd I Stg H Income has an alpha of 2061.223 implying that it can potentially generate 2061.223% excess return over DOW after adjusting for the inherited market risk (beta).
Russell Floating Price Density
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|Current Price || ||Target Price || |