|Horizon||30 Days Login to change|
Kotak World Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|6.73||30 days||6.73||ABOUT 31.04%|
Based on normal probability distribution, the odds of Kotak World to move above current price in 30 days from now is about 31.04% (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 0.0404 . 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 The company has an alpha of 0.1624 implying that it can potentially generate 0.1624% excess return over DOW after adjusting for the inherited market risk (beta).
Kotak World Price Density
|Alpha over DOW||=||0.16|
|Beta against DOW||=||0.0404|