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

    133401 -- India Fund  

    INR 47.93  0.90  1.84%

    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
     47.93 30 days 47.93  ABOUT 98.0%
    Based on normal probability distribution, the odds of JM Balanced to move above current price in 30 days from now is about 98.0% (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 Dir Bns Princ has beta of -0.1991 . This suggests as returns on benchmark increase, returns on holding JM Balanced are expected to decrease at a much smaller rate. During bear market, however, JM Balanced Dir Bns Princ is likely to outperform the market. Additionally JM Balanced Dir Bns Princ has an alpha of 0.1971 implying that it can potentially generate 0.1971% excess return over DOW after adjusting for the inherited market risk (beta).
     JM Balanced Price Density 
          Price 
    α
    Alpha over DOW
    =0.20
    β
    Beta against DOW=0.2
    σ
    Overall volatility
    =0.56
    Ir
    Information ratio =0.00136

    JM Balanced Alerts

    JM Balanced Alerts and Suggestions

    JM Balanced Dir is not yet fully synchronised with the market data
    The fund holds about 30.25% of its total net assets in cash
    Check also Trending Equities. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.
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