Aditya Birla (India) Probability of Target Price Finishing Over Current Price

BSLGOLDETF -- India Stock  

INR 2,800  65.00  2.27%

Aditya Birla probability of target price tool provides mechanism to make assumptions about upside and downside potential of Aditya Birla Sun Life Mutual F performance during a given time horizon utilizing its historical volatility. Please specify Aditya Birla time horizon, a valid symbol (red box) and a target price (blue box) you would like Aditya Birla odds to be computed. Check also Aditya Birla Backtesting, Aditya Birla Valuation, Aditya Birla Correlation, Aditya Birla Hype Analysis, Aditya Birla Volatility, Aditya Birla History as well as Aditya Birla Performance.
Horizon     30 Days    Login   to change
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Aditya Birla Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 2,800 30 days 2,800  ABOUT 70.21%
Based on normal probability distribution, the odds of Aditya Birla to move above current price in 30 days from now is about 70.21% (This Aditya Birla Sun Life Mutual F probability density function shows the probability of Aditya Birla Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Aditya Birla Sun Life Mutual F has beta of -0.2904 . This suggests as returns on benchmark increase, returns on holding Aditya Birla are expected to decrease at a much smaller rate. During bear market, however, Aditya Birla Sun Life Mutual F is likely to outperform the market. Additionally Aditya Birla Sun Life Mutual F has an alpha of 0.1244 implying that it can potentially generate 0.1244% excess return over DOW after adjusting for the inherited market risk (beta).
 Aditya Birla Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.12
β
Beta against DOW=0.29
σ
Overall volatility
=39.75
Ir
Information ratio =0.07

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Check also Aditya Birla Backtesting, Aditya Birla Valuation, Aditya Birla Correlation, Aditya Birla Hype Analysis, Aditya Birla Volatility, Aditya Birla History as well as Aditya Birla Performance. Please also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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