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

    135657 -- India Fund  

    INR 13.66  0.20  1.49%

    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
     13.66 30 days 13.66  ABOUT 1.46%
    Based on normal probability distribution, the odds of Peerless Equity to move above current price in 30 days from now is about 1.46% (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 has beta of 0.0218 . This suggests as returns on market go up, Peerless Equity average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Peerless Equity Half Yrly Div will be expected to be much smaller as well. Additionally Peerless Equity Half Yrly Div has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     Peerless Equity Price Density 
          Price 
    α
    Alpha over DOW
    =0.01
    β
    Beta against DOW=0.0218
    σ
    Overall volatility
    =5.32
    Ir
    Information ratio =0.48

    Peerless Equity Alerts

    Peerless Equity Alerts and Suggestions

    Peerless Equity Half is not yet fully synchronised with the market data
    The fund holds 97.16% of its total net assets in equities
    Check also Trending Equities. Please also try Crypto Portfolio Optimizer module to optimize portfolio of digital coins and token across multiple currency and exchanges.
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