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

All EquitiesFundsIndia
Fund Kotak World Gold Dir Div
    119345 -- India Fund  

    INR 6.90  0.05  0.73%

    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
     6.90 30 days 6.90  ABOUT 28.54%
    Based on normal probability distribution, the odds of Kotak World to move above current price in 30 days from now is about 28.54% (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 has beta of 0.573 . This suggests as returns on market go up, Kotak World average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Kotak World Gold Dir Div will be expected to be much smaller as well. Additionally Kotak World Gold Dir Div has an alpha of 0.3454 implying that it can potentially generate 0.3454% excess return over DOW after adjusting for the inherited market risk (beta).
     Kotak World Price Density 
          Price 
    α
    Alpha over DOW    		=0.35
    β
    		Beta against DOW=0.57
    σ
    Overall volatility    		=3.64
    Ir
    		Information ratio =0.17

    Kotak World Alerts

    Kotak World Alerts and Suggestions

    Kotak World Gold is not yet fully synchronised with the market data
    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 Instant Ratings module to determine any equity ratings based on digital recommendations. macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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