|Horizon||30 Days Login to change|
Pax High Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds 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
|Alpha over DOW||=||0.035368|
|Beta against DOW||=||0.03|