Pax High Probability of Target Price Finishing Over Current Price

PXHIX -- USA Fund  

USD 6.60  0.01  0.15%

Pax High probability of target price tool provides mechanism to make assumptions about upside and downside potential of Pax High Yield Bond Institutional performance during a given time horizon utilizing its historical volatility. Please specify Pax High time horizon, a valid symbol (red box) and a target price (blue box) you would like Pax High odds to be computed. Additionally take a look at Pax High Backtesting, Portfolio Optimization, Pax High Correlation, Pax High Hype Analysis, Pax High Volatility, Pax High History as well as Pax High Performance.
Horizon     30 Days    Login   to change
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Pax High Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 6.60 30 days 6.60  ABOUT 39.68%
Based on normal probability distribution, the odds of Pax High to move above current price in 30 days from now is about 39.68% (This Pax High Yield Bond Institutional probability density function shows the probability of Pax High Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Pax High has beta of 0.0244 . This implies as returns on market go up, Pax High average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Pax High Yield Bond Institutional will be expected to be much smaller as well. Additionally Pax High Yield Bond Institutional has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Pax High Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.0071
β
Beta against DOW=0.0244
σ
Overall volatility
=0.008691
Ir
Information ratio =1.94

Pax High Alerts

Pax High Alerts and Suggestions

Pax High Yield generates negative expected return over the last 30 days
On July 31, 2018 Pax High paid $ 0.028 per share dividend to its current shareholders
The fund maintains about 96.2% of its assets in bonds

Price Density Drivers

Pax High Health Indicators

Additionally take a look at Pax High Backtesting, Portfolio Optimization, Pax High Correlation, Pax High Hype Analysis, Pax High Volatility, Pax High History as well as Pax High Performance. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.
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