|Horizon||30 Days Login to change|
Franklin India Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|11.84||30 days||11.84||ABOUT 16.65%|
Based on normal probability distribution, the odds of Franklin India to move above current price in 30 days from now is about 16.65% (This Franklin India Corp Bond Opp Dir Div probability density function shows the probability of Franklin India Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, Franklin India Corp Bond Opp Dir Div has beta of -0.0393 . This suggests as returns on benchmark increase, returns on holding Franklin India are expected to decrease at a much smaller rate. During bear market, however, Franklin India Corp Bond Opp Dir Div is likely to outperform the market. Additionally Franklin India Corp Bond Opp Dir Div has an alpha of 0.0253 implying that it can potentially generate 0.0253% excess return over DOW after adjusting for the inherited market risk (beta).
Franklin India Price Density
|Alpha over DOW||=||0.025307|
|Beta against DOW||=||0.04|