Franklin India (India) Probability of Target Price Finishing Over Current Price |
| 101242 -- India Fund | INR 1,084 3.14 0.29% |
Franklin India probability of target price tool provides mechanism to make assumptions about upside and downside potential of Franklin India ST Income Wk Div performance during a given time horizon utilizing its historical volatility. Please specify Franklin India time horizon, a valid symbol (red box) and a target price (blue box) you would like Franklin India odds to be computed. Check also Trending Equities.
| Horizon | 30 Days Login to change |
| Symbol: | Refresh Odds |
Franklin India Target Price Odds to finish over
| Current Price | Horizon | Target Price | Odds to move above current price in 30 days |
| 1,084 | 30 days | 1,084 | ABOUT 78.85% |
Based on normal probability distribution, the odds of Franklin India to move above current price in 30 days from now is about 78.85% (This Franklin India ST Income Wk Div probability density function shows the probability of Franklin India Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Franklin India has beta of 0.1666 . This suggests as returns on market go up, Franklin India average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Franklin India ST Income Wk Div will be expected to be much smaller as well. Additionally Franklin India ST Income Wk Div has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW Franklin India Price Density |
α | Alpha over DOW | = | 0.11 | |
β | Beta against DOW | = | 0.17 | |
σ | Overall volatility | = | 1.88 | |
Ir | Information ratio | = | 0.79 |
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| Franklin India ST generates negative expected return over the last 30 days | |
| The fund holds about 13.01% of its total net assets in cash |
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