Peerless Equity (India) Probability of Target Price Finishing Over Current Price

    135657 -- India Fund  

    INR 13.56  0.48  3.42%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     13.56 30 days 13.56  ABOUT 25.09%
    Based on normal probability distribution, the odds of Peerless Equity to move above current price in 30 days from now is about 25.09% (This Peerless Equity Half Yrly Div probability density function shows the probability of Peerless Equity Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Peerless Equity Half Yrly Div has beta of -0.0487 . This suggests as returns on benchmark increase, returns on holding Peerless Equity are expected to decrease at a much smaller rate. During bear market, however, Peerless Equity Half Yrly Div is likely to outperform the market. Additionally The company has an alpha of 0.0338 implying that it can potentially generate 0.0338% excess return over DOW after adjusting for the inherited market risk (beta).
     Peerless Equity Price Density 
          Price 
    α
    Alpha over DOW
    =0.03382
    β
    Beta against DOW=0.05
    σ
    Overall volatility
    =7.51
    Ir
    Information ratio =0.11

    Peerless Equity Alerts

    Peerless Equity Alerts and Suggestions

    Peerless Equity Half is not yet fully synchronised with the market data
    Peerless Equity Half generates negative expected return over the last 30 days
    The fund holds 97.16% of its total net assets in equities

    Price Density Drivers

    Peerless Equity Health Indicators

    Check also Trending Equities. Please also try Equity Search module to search for activelly-traded equities including funds and etfs from over 30 global markets.
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