Axis Dynamic (India) Probability of Target Price Finishing Over Current Price

    115069 -- India Fund  

    INR 10.33  0.02  0.19%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     10.33 30 days 10.33  ABOUT 22.11%
    Based on normal probability distribution, the odds of Axis Dynamic to move above current price in 30 days from now is about 22.11% (This Axis Dynamic Bond Qt Div probability density function shows the probability of Axis Dynamic Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Axis Dynamic has beta of 0.0572 . This suggests as returns on market go up, Axis Dynamic average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Axis Dynamic Bond Qt Div will be expected to be much smaller as well. Additionally Axis Dynamic Bond Qt Div has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     Axis Dynamic Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.02
    β
    Beta against DOW=0.06
    σ
    Overall volatility
    =5.01
    Ir
    Information ratio =1.35

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    The fund holds about 17.78% of its total net assets in cash
    Check also Trending Equities. Please also try Transaction History module to view history of all your transactions and understand their impact on performance.
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