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

    133401 -- India Fund  

    INR 49.80  0.02  0.0401%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     49.80 30 days 49.80  ABOUT 10.71%
    Based on normal probability distribution, the odds of JM Balanced to move above current price in 30 days from now is about 10.71% (This JM Balanced Dir Bns Princ probability density function shows the probability of JM Balanced Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, JM Balanced has beta of 0.1722 . This suggests as returns on market go up, JM Balanced average returns are expected to increase less than the benchmark. However during bear market, the loss on holding JM Balanced Dir Bns Princ will be expected to be much smaller as well. Additionally JM Balanced Dir Bns Princ has an alpha of 0.3418 implying that it can potentially generate 0.3418% excess return over DOW after adjusting for the inherited market risk (beta).
     JM Balanced Price Density 
    Current Price   Target Price   
    Alpha over DOW
    Beta against DOW=0.17
    Overall volatility
    Information ratio =0.21

    JM Balanced Alerts

    JM Balanced Alerts and Suggestions

    JM Balanced Dir generates negative expected return over the last 30 days
    The fund holds about 30.25% of its total net assets in cash
    Check also Trending Equities. Please also try Equity Analysis module to research over 250,000 global equities including funds, stocks and etfs to find investment opportunities.