|Horizon||30 Days Login to change|
IDBI Gilt Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|14.55||30 days||14.55||ABOUT 6.5%|
Based on normal probability distribution, the odds of IDBI Gilt to move above current price in 30 days from now is about 6.5% (This IDBI Gilt Fund Dir Gr probability density function shows the probability of IDBI Gilt Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, IDBI Gilt has beta of 0.0131 . This suggests as returns on market go up, IDBI Gilt average returns are expected to increase less than the benchmark. However during bear market, the loss on holding IDBI Gilt Fund Dir Gr will be expected to be much smaller as well. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. IDBI Gilt Fund is significantly underperforming DOW.
IDBI Gilt Price Density
|Alpha over DOW||=||0.02|
|Beta against DOW||=||0.0131|