|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 6.87 ||30 days|| 6.87 || ABOUT 32.18%|
Based on normal probability distribution, the odds of Pax High to move above current price in 30 days from now is about 32.18% (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 has beta of 1.0E-4 . 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 R will be expected to be much smaller as well. Additionally Pax High Yield Bond R has an alpha of 0.0099 implying that it can potentially generate 0.0099% excess return over DOW after adjusting for the inherited market risk (beta).
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