|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 16.47 ||30 days|| 16.47 || ABOUT 23.8%|
Based on normal probability distribution, the odds of Lord Abbett to move above current price in 30 days from now is about 23.8% (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, the fund has beta coefficient of 1.1777 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, Lord Abbett will likely underperform. Moreover Lord Abbett U S Gr Ldrs N USD Hdg Acc has an alpha of 1.1759 implying that it can potentially generate 1.1759% excess return over DOW after adjusting for the inherited market risk (beta).
Lord Abbett Price Density