Tata Resources (India) Probability of Target Price Finishing Over Current Price

    135814 -- India Fund  

    INR 12.29  0.30  2.38%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     12.29 30 days 12.29  ABOUT 38.7%
    Based on normal probability distribution, the odds of Tata Resources to move above current price in 30 days from now is about 38.7% (This Tata Resources Energy Reg Div Py probability density function shows the probability of Tata Resources Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Tata Resources Energy Reg Div Py has beta of -0.1557 . This suggests as returns on benchmark increase, returns on holding Tata Resources are expected to decrease at a much smaller rate. During bear market, however, Tata Resources Energy Reg Div Py is likely to outperform the market. Additionally Tata Resources Energy Reg Div Py has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW.
     Tata Resources Price Density 
          Price 
    α
    Alpha over DOW
    =0.21
    β
    Beta against DOW=0.16
    σ
    Overall volatility
    =4.40
    Ir
    Information ratio =0.0004127

    Tata Resources Alerts

    Tata Resources Alerts and Suggestions

    Tata Resources is not yet fully synchronised with the market data
    Tata Resources generates negative expected return over the last 30 days
    The fund holds about 5.3% of its total net assets in cash

    Price Density Drivers

    Tata Resources Health Indicators

    Check also Trending Equities. Please also try Instant Ratings module to determine any equity ratings based on digital recommendations. macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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