|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 13.45 ||30 days|| 13.45 || ABOUT 21.96%|
Based on normal probability distribution, the odds of Janus Balanced to move above current price in 30 days from now is about 21.96% (This Janus Balanced I CAD Acc Hedged probability density function shows the probability of Janus Balanced Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Janus Balanced has beta of 0.3217 . This indicates as returns on market go up, Janus Balanced average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Janus Balanced I CAD Acc Hedged will be expected to be much smaller as well. Additionally Janus Balanced I CAD Acc Hedged has an alpha of 0.0363 implying that it can potentially generate 0.0363% excess return over DOW after adjusting for the inherited market risk (beta).
Janus Balanced Price Density
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|Current Price || ||Target Price || |