Kotak Classic (India) Probability of Target Price Finishing Over Current Price

    103039 -- India Fund  

    INR 21.12  0.20  0.94%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     21.12 30 days 21.12  ABOUT 31.07%
    Based on normal probability distribution, the odds of Kotak Classic to move above current price in 30 days from now is about 31.07% (This Kotak Classic Equity Reg Div probability density function shows the probability of Kotak Classic Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Kotak Classic has beta of 0.0 . This suggests unless we do not have required data, the returns on DOW and Kotak Classic are completely uncorrelated. Additionally Kotak Classic Equity Reg DivIt does not look like Kotak Classic alpha can have any bearing on the equity current valuation.
     Kotak Classic Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.00
    β
    Beta against DOW=0.00
    σ
    Overall volatility
    =13.29
    Ir
    Information ratio =0.00

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    The fund holds about 16.01% of its total net assets in cash

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