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
    Refresh Odds

    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 
    Alpha over DOW
    Beta against DOW=0.03
    Overall volatility
    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.