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 
          Price 
    α
    Alpha over DOW
    =0.07
    β
    Beta against DOW=0.0036
    σ
    Overall volatility
    =20.35
    Ir
    Information ratio =0.23

    Franklin India Alerts

    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

    Price Density Drivers

    Franklin India Health Indicators

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