Pax High Probability of Target Price Finishing Over Current Price

    PXHRX -- USA Fund  

    USD 6.87  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 R 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
     6.87 30 days 6.87  ABOUT 35.63%
    Based on normal probability distribution, the odds of Pax High to move above current price in 30 days from now is about 35.63% (This Pax High Yield Bond R 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 R has beta of -0.026 . 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 R is likely to outperform the market. Additionally The company has an alpha of 0.0354 implying that it can potentially generate 0.0354% excess return over DOW after adjusting for the inherited market risk (beta).
     Pax High Price Density 
          Price 
    α
    Alpha over DOW
    =0.035368
    β
    Beta against DOW=0.03
    σ
    Overall volatility
    =2.20
    Ir
    Information ratio =0.28

    Pax High Alerts

    Pax High Alerts and Suggestions

    Pax High Yield is not yet fully synchronised with the market data
    The fund maintains about 93.67% of its assets in bonds

    Price Density Drivers

    Pax High Health Indicators

    Additionally take a look at Your Equity Center. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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