|Horizon||30 Days Login to change|
Peerless Equity Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds 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
|Alpha over DOW||=||0.03382|
|Beta against DOW||=||0.05|