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

    120432 -- India Fund  

    INR 10.01  0.00  0.00%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     10.01 30 days 10.01  ABOUT 29.94%
    Based on normal probability distribution, the odds of JM Floater to move above current price in 30 days from now is about 29.94% (This JM Floater LT Dir Dl Div probability density function shows the probability of JM Floater Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, JM Floater has beta of 0.0 . This suggests unless we do not have required data, the returns on DOW and JM Floater are completely uncorrelated. Additionally JM Floater LT Dir Dl DivIt does not look like JM Floater alpha can have any bearing on the equity current valuation.
     JM Floater Price Density 
          Price 
    α
    Alpha over DOW
    =0.00
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