|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 11.64 ||30 days|| 11.64 || ABOUT 9.8%|
Based on normal probability distribution, the odds of IDFC Money to move above current price in 30 days from now is about 9.8% (This IDFC Money Mgr Invmt Dir Pd Div probability density function shows the probability of IDFC Money Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, IDFC Money has beta of 0.0 . This suggests unless we do not have required data, the returns on DOW and IDFC Money are completely uncorrelated. Additionally IDFC Money Mgr Invmt Dir Pd DivIt does not look like IDFC Money alpha can have any bearing on the equity current valuation.
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