|Horizon||30 Days Login to change|
Reliance Money Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|1,026||30 days||1,026||ABOUT 38.49%|
Based on normal probability distribution, the odds of Reliance Money to move above current price in 30 days from now is about 38.49% (This Reliance Money Mgr Retl Qtr Div probability density function shows the probability of Reliance Money Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, Reliance Money has beta of 0.0448 . This suggests as returns on market go up, Reliance Money average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Reliance Money Mgr Retl Qtr Div will be expected to be much smaller as well. Additionally Reliance Money Mgr Retl Qtr Div has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW.
Reliance Money Price Density
|Alpha over DOW||=||0.002|
|Beta against DOW||=||0.0448|