|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 12.81 ||30 days|| 12.81 || ABOUT 29.16%|
Based on normal probability distribution, the odds of Janus Balanced to move above current price in 30 days from now is about 29.16% (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 I CAD Acc Hedged has beta of -0.3226 . This indicates as returns on benchmark increase, returns on holding Janus Balanced are expected to decrease at a much smaller rate. During bear market, however, Janus Balanced I CAD Acc Hedged is likely to outperform the market. Additionally Janus Balanced I CAD Acc Hedged has an alpha of 0.1653 implying that it can potentially generate 0.1653% excess return over DOW after adjusting for the inherited market risk (beta).
Janus Balanced Price Density
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|Current Price || ||Target Price || |