|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 9.29 ||30 days|| 9.29 || 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 0.2317 . 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 a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Canara Robeco Price Density
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|Current Price || ||Target Price || |