ICICI Pru (India) Probability of Target Price Finishing Over Current Price

    102060 -- India Fund  

    INR 34.96  34.96  9,223,372,036,855%

    ICICI Pru probability of target price tool provides mechanism to make assumptions about upside and downside potential of ICICI Pru Gilt Investment PF Gr performance during a given time horizon utilizing its historical volatility. Please specify ICICI Pru time horizon, a valid symbol (red box) and a target price (blue box) you would like ICICI Pru odds to be computed. Check also Trending Equities.
    Horizon     30 Days    Login   to change
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    ICICI Pru Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     34.96 30 days 34.96  ABOUT 28.0%
    Based on normal probability distribution, the odds of ICICI Pru to move above current price in 30 days from now is about 28.0% (This ICICI Pru Gilt Investment PF Gr probability density function shows the probability of ICICI Pru Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, ICICI Pru Gilt Investment PF Gr has beta of -0.0816 . This suggests as returns on benchmark increase, returns on holding ICICI Pru are expected to decrease at a much smaller rate. During bear market, however, ICICI Pru Gilt Investment PF Gr is likely to outperform the market. Additionally ICICI Pru Gilt Investment PF Gr has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     ICICI Pru Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.04
    β
    Beta against DOW=0.08
    σ
    Overall volatility
    =16.34
    Ir
    Information ratio =0.83

    ICICI Pru Alerts

    ICICI Pru Alerts and Suggestions

    ICICI Pru Gilt generates negative expected return over the last 30 days
    ICICI Pru Gilt has high likelihood to experience some financial distress in the next 2 years
    The fund holds about 15.6% of its total net assets in cash
    Check also Trending Equities. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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