Pax High Probability of Target Price Finishing Over Current Price

    PXHIX -- USA Fund  

    USD 6.60  0.00  0.00%

    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 Your Equity Center.
    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 16.38%
    Based on normal probability distribution, the odds of Pax High to move above current price in 30 days from now is about 16.38% (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 Yield Bond Institutional has beta of -0.0026 . This implies as returns on benchmark increase, returns on holding Pax High are expected to decrease at a much smaller rate. During bear market, however, Pax High Yield Bond Institutional is likely to outperform the market. 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 
          Price 
    α
    Alpha over DOW
    =0.02
    β
    Beta against DOW=0.0026
    σ
    Overall volatility
    =3.37
    Ir
    Information ratio =3.16

    Pax High Alerts

    Pax High Alerts and Suggestions

    Pax High Yield is not yet fully synchronised with the market data
    The fund maintains about 96.2% of its assets in bonds

    Price Density Drivers

    Pax High Health Indicators

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