|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 16.40 ||30 days|| 16.40 || ABOUT 21.19%|
Based on normal probability distribution, the odds of Lord Abbett to move above current price in 30 days from now is about 21.19% (This Lord Abbett U S Gr Ldrs N USD Hdg Acc probability density function shows the probability of Lord Abbett Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Lord Abbett has beta of 0.0109 suggesting as returns on market go up, Lord Abbett average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Lord Abbett U S Gr Ldrs N USD Hdg Acc will be expected to be much smaller as well. Moreover Lord Abbett U S Gr Ldrs N USD Hdg Acc has an alpha of 1.1611 implying that it can potentially generate 1.1611% excess return over DOW after adjusting for the inherited market risk (beta).
Lord Abbett Price Density
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|Current Price || ||Target Price || |