JM High (India) Probability of Target Price Finishing Over Current Price

    120407 -- India Fund  

    INR 11.02  0.00  0.00%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     11.02 30 days 11.02  NEARLY 4.58%
    Based on normal probability distribution, the odds of JM High to move above current price in 30 days from now is nearly 4.58% (This JM High Liquidity Dir Wk Div probability density function shows the probability of JM High Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, JM High Liquidity Dir Wk Div has beta of -0.0031 . This suggests as returns on benchmark increase, returns on holding JM High are expected to decrease at a much smaller rate. During bear market, however, JM High Liquidity Dir Wk Div 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. JM High Liquidity is significantly underperforming DOW.
     JM High Price Density 
          Price 
    α
    Alpha over DOW
    =0.01
    β
    Beta against DOW=0.0031
    σ
    Overall volatility
    =0.005394
    Ir
    Information ratio =0.82

    JM High Alerts

    JM High Alerts and Suggestions

    JM High Liquidity is not yet fully synchronised with the market data
    The fund holds about 100.0% of its total net assets in cash
    Check also Trending Equities. Please also try Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.
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