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

    118300 -- India Fund  

    INR 9.08  0.52  5.42%

    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
     9.08 30 days 9.08  UNDER 4%
    Based on normal probability distribution, the odds of Canara Robeco to move above current price in 30 days from now is under 4% (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 has beta of 0.3232 . This suggests as returns on market go up, Canara Robeco average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Canara Robeco Gold Savings Dir Div will be expected to be much smaller as well. Additionally Canara Robeco Gold Savings Dir Div has an alpha of 0.1534 implying that it can potentially generate 0.1534% excess return over DOW after adjusting for the inherited market risk (beta).
     Canara Robeco Price Density 
          Price 
    α
    Alpha over DOW
    =0.15
    β
    Beta against DOW=0.32
    σ
    Overall volatility
    =3.85
    Ir
    Information ratio =0.19

    Canara Robeco Alerts

    Canara Robeco Alerts and Suggestions

    Canara Robeco Gold is not yet fully synchronised with the market data
    Canara Robeco Gold generates negative expected return over the last 30 days
    The fund generated three year return of -2.0%
    Canara Robeco Gold Savings Dir Div holds most of the total net assets in various exotic instrument.

    Price Density Drivers

    Canara Robeco Health Indicators

    Check also Trending Equities. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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