|Horizon||30 Days Login to change|
HDFC Arbitrage Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|14.61||30 days||14.61||ABOUT 17.91%|
Based on normal probability distribution, the odds of HDFC Arbitrage to move above current price in 30 days from now is about 17.91% (This HDFC Arbitrage Retl Qt Div probability density function shows the probability of HDFC Arbitrage Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, HDFC Arbitrage Retl Qt Div has beta of -0.0041 . This suggests as returns on benchmark increase, returns on holding HDFC Arbitrage are expected to decrease at a much smaller rate. During bear market, however, HDFC Arbitrage Retl Qt Div is likely to outperform the market. Additionally The company has an alpha of 0.0108 implying that it can potentially generate 0.0108% excess return over DOW after adjusting for the inherited market risk (beta).
HDFC Arbitrage Price Density
|Alpha over DOW||=||0.01076|
|Beta against DOW||=||0.0041|