Kotak World (India) Probability of Target Price Finishing Over Current Price

    119345 -- India Fund  

    INR 7.32  0.18  2.40%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     7.32 30 days 7.32  ABOUT 20.24%
    Based on normal probability distribution, the odds of Kotak World to move above current price in 30 days from now is about 20.24% (This Kotak World Gold Dir Div probability density function shows the probability of Kotak World Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Kotak World Gold Dir Div has beta of -2.4117 . This suggests as returns on its benchmark rise, returns on holding Kotak World Gold Dir Div are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Kotak World is expected to outperform its benchmark. Additionally Kotak World Gold Dir Div has an alpha of 0.6688 implying that it can potentially generate 0.6688% excess return over DOW after adjusting for the inherited market risk (beta).
     Kotak World Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.67
    β
    Beta against DOW=2.41
    σ
    Overall volatility
    =3.79
    Ir
    Information ratio =0.16

    Kotak World Alerts

    Kotak World Alerts and Suggestions

    The fund generated three year return of -20.0%
    Kotak World Gold Dir Div holds 95.69% of its total net assets in equities
    Check also Trending Equities. Please also try Portfolio Reporting module to create custom reports across your portfolios and generate quick suggestion pitch.
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