Canara Robeco (India) Probability of Target Price Finishing Over Current Price

    118300 -- India Fund  

    INR 9.28  0.06  0.65%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     9.28 30 days 9.28  ABOUT 20.74%
    Based on normal probability distribution, the odds of Canara Robeco to move above current price in 30 days from now is about 20.74% (This Canara Robeco Gold Savings Dir Div probability density function shows the probability of Canara Robeco Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Canara Robeco Gold Savings Dir Div has beta of -0.163 . This suggests as returns on benchmark increase, returns on holding Canara Robeco are expected to decrease at a much smaller rate. During bear market, however, Canara Robeco Gold Savings Dir Div is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Canara Robeco Gold is significantly underperforming DOW.
     Canara Robeco Price Density 
          Price 
    α
    Alpha over DOW
    =0.1
    β
    Beta against DOW=0.16
    σ
    Overall volatility
    =4.50
    Ir
    Information ratio =0.14

    Canara Robeco Alerts

    Canara Robeco Alerts and Suggestions

    Canara Robeco Gold is not yet fully synchronised with the market data
    The fund generated three year return of -2.0%
    Canara Robeco Gold holds most of the total net assets in various exotic instrument.

    Price Density Drivers

    Canara Robeco Health Indicators

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