Franklin India (India) Probability of Target Price Finishing Over Current Price

    118564 -- India Fund  

    INR 38.94  0.92  2.31%

    Franklin India probability of target price tool provides mechanism to make assumptions about upside and downside potential of Franklin India High Growth Cos Dir Gr performance during a given time horizon utilizing its historical volatility. Please specify Franklin India time horizon, a valid symbol (red box) and a target price (blue box) you would like Franklin India odds to be computed. Check also Trending Equities.
    Horizon     30 Days    Login   to change
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    Franklin India Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     38.94 30 days 38.94  ABOUT 16.64%
    Based on normal probability distribution, the odds of Franklin India to move above current price in 30 days from now is about 16.64% (This Franklin India High Growth Cos Dir Gr 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 High Growth Cos Dir Gr has beta of -0.0036 . 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 High Growth Cos Dir Gr is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Franklin India High is significantly underperforming DOW.
     Franklin India Price Density 
    Alpha over DOW
    Beta against DOW=0.0036
    Overall volatility
    Information ratio =0.23

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    Franklin India Alerts and Suggestions

    Franklin India High is not yet fully synchronised with the market data
    The fund holds about 8.59% of its total net assets in cash

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    Check also Trending Equities. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.