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

    103039 -- India Fund  

    INR 18.66  0.26  1.37%

    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
     18.66 30 days 18.66  ABOUT 90.27%
    Based on normal probability distribution, the odds of Kotak Classic to move above current price in 30 days from now is about 90.27% (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 Equity Reg Div has beta of -0.0845 . This suggests as returns on benchmark increase, returns on holding Kotak Classic are expected to decrease at a much smaller rate. During bear market, however, Kotak Classic Equity Reg Div is likely to outperform the market. Additionally Kotak Classic Equity Reg Div has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     Kotak Classic Price Density 
          Price 
    α
    Alpha over DOW
    =2.27
    β
    Beta against DOW=0.08
    σ
    Overall volatility
    =2.27
    Ir
    Information ratio =0.48

    Kotak Classic Alerts

    Kotak Classic Alerts and Suggestions

    Kotak Classic Equity is not yet fully synchronised with the market data
    Kotak Classic Equity generates negative expected return over the last 30 days
    The fund holds about 16.01% of its total net assets in cash

    Price Density Drivers

    Kotak Classic Health Indicators

    Check also Trending Equities. Please also try Theme Ratings module to determine theme ratings based on digital equity recommendations. macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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