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 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).
     Pax High Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.009892
    β
    Beta against DOW=0.0001
    σ
    Overall volatility
    =2.71
    Ir
    Information ratio =2.71

    Pax High Alerts

    Pax High Alerts and Suggestions

    Pax High Yield generates negative expected return over the last 30 days
    The fund maintains about 93.67% of its assets in bonds
    Additionally take a look at Your Equity Center. Please also try Equity Valuation module to check real value of public entities based on technical and fundamental data.
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