Lord Abbett (Ireland) Probability of Target Price Finishing Over Current Price

    IE00BS7K1057 -- Ireland Fund  

    USD 10.03  0.14  1.38%

    Lord Abbett probability of target price tool provides mechanism to make assumptions about upside and downside potential of Lord Abbett Multi Sector A USD performance during a given time horizon utilizing its historical volatility. Please specify Lord Abbett time horizon, a valid symbol (red box) and a target price (blue box) you would like Lord Abbett odds to be computed. Please also check Risk vs Return Analysis.
    Horizon     30 Days    Login   to change
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    Lord Abbett Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     10.03 30 days 10.03  CLOSE TO 99%
    Based on normal probability distribution, the odds of Lord Abbett to move above current price in 30 days from now is close to 99% (This Lord Abbett Multi Sector A USD 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 0.0908 . This indicates 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 Multi Sector A USD will be expected to be much smaller as well. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Lord Abbett Multi is significantly underperforming DOW.
     Lord Abbett Price Density 
          Price 
    α
    Alpha over DOW
    =0.17
    β
    Beta against DOW=0.09
    σ
    Overall volatility
    =0.16
    Ir
    Information ratio =0.4

    Lord Abbett Alerts

    Lord Abbett Alerts and Suggestions

    Lord Abbett Multi is not yet fully synchronised with the market data
    The fund retains about 83.49% of its assets under management (AUM) in fixed income securities

    Price Density Drivers

    Lord Abbett Health Indicators

    Please also check Risk vs Return Analysis. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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