HDFC Arbitrage (India) Probability of Target Price Finishing Over Current Price

    106797 -- India Fund  

    INR 14.61  0.00  0.00%

    HDFC Arbitrage probability of target price tool provides mechanism to make assumptions about upside and downside potential of HDFC Arbitrage Retl Qt Div performance during a given time horizon utilizing its historical volatility. Please specify HDFC Arbitrage time horizon, a valid symbol (red box) and a target price (blue box) you would like HDFC Arbitrage odds to be computed. Check also Trending Equities.
    Horizon     30 Days    Login   to change
    Symbol:
    Refresh Odds

    HDFC Arbitrage Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds 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 
          Price 
    α
    Alpha over DOW
    =0.01076
    β
    Beta against DOW=0.0041
    σ
    Overall volatility
    =7.30
    Ir
    Information ratio =0.84

    HDFC Arbitrage Alerts

    HDFC Arbitrage Alerts and Suggestions

    HDFC Arbitrage Retl is not yet fully synchronised with the market data
    HDFC Arbitrage Retl generates negative expected return over the last 30 days
    The fund holds about 29.78% of its total net assets in cash

    Price Density Drivers

    HDFC Arbitrage Health Indicators

    Check also Trending Equities. Please also try Equity Analysis module to research over 250,000 global equities including funds, stocks and etfs to find investment opportunities.
    Search macroaxis.com