JPMorgan India probability of target price tool provides mechanism to make assumptions about upside and downside potential of JPMorgan India Govt Sec Reg Ann Div performance during a given time horizon utilizing its historical volatility. Please specify JPMorgan India time horizon, a valid symbol (red box) and a target price (blue box) you would like JPMorgan India odds to be computed. Check also Trending Equities.
|Horizon||30 Days Login to change|
JPMorgan India Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|14.65||30 days||14.65||ABOUT 24.19%|
Based on normal probability distribution, the odds of JPMorgan India to move above current price in 30 days from now is about 24.19% (This JPMorgan India Govt Sec Reg Ann Div probability density function shows the probability of JPMorgan India Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, JPMorgan India Govt Sec Reg Ann Div has beta of -0.0548 . This suggests as returns on benchmark increase, returns on holding JPMorgan India are expected to decrease at a much smaller rate. During bear market, however, JPMorgan India Govt Sec Reg Ann Div is likely to outperform the market. Additionally JPMorgan India Govt Sec Reg Ann Div has an alpha of 0.0248 implying that it can potentially generate 0.0248% excess return over DOW after adjusting for the inherited market risk (beta).
JPMorgan India Price Density
|Alpha over DOW||=||0.024809|
|Beta against DOW||=||0.05|