Reliance Tax (India) Probability of Target Price Finishing Over Current Price

    103196 -- India Fund  

    INR 53.45  1.16  2.12%

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

    Current PriceHorizonTarget PriceOdds 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 
          Price 
    α
    Alpha over DOW
    =0.044092
    β
    Beta against DOW=0.19
    σ
    Overall volatility
    =29.89
    Ir
    Information ratio =0.02

    Reliance Tax Alerts

    Reliance Tax Alerts and Suggestions

    Reliance Tax Saver is not yet fully synchronised with the market data
    The fund holds 99.2% of its total net assets in equities

    Price Density Drivers

    Reliance Tax Health Indicators

    Check also Trending Equities. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.
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