|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 15.62 ||30 days|| 15.62 || UNDER 4%|
Based on normal probability distribution, the odds of Lord Abbett to move above current price in 30 days from now is under 4% (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 U S Gr Ldrs N USD Hdg Acc has beta of -0.4436 suggesting as returns on benchmark increase, returns on holding Lord Abbett are expected to decrease at a much smaller rate. During bear market, however, Lord Abbett U S Gr Ldrs N USD Hdg Acc is likely to outperform the market. Moreover Lord Abbett U S Gr Ldrs N USD Hdg Acc has an alpha of 1.1782 implying that it can potentially generate 1.1782% excess return over DOW after adjusting for the inherited market risk (beta).
Lord Abbett Price Density
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|Current Price || ||Target Price || |