|Horizon||30 Days Login to change|
Reliance Tax Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|53.45||30 days||53.45||ABOUT 17.7%|
Based on normal probability distribution, the odds of Reliance Tax to move above current price in 30 days from now is about 17.7% (This Reliance Tax Saver Gr probability density function shows the probability of Reliance Tax Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, Reliance Tax Saver Gr has beta of -0.1872 . This suggests as returns on benchmark increase, returns on holding Reliance Tax are expected to decrease at a much smaller rate. During bear market, however, Reliance Tax Saver Gr is likely to outperform the market. Additionally The company has an alpha of 0.0441 implying that it can potentially generate 0.0441% excess return over DOW after adjusting for the inherited market risk (beta).
Reliance Tax Price Density
|Alpha over DOW||=||0.044092|
|Beta against DOW||=||0.19|