CPSE ETF (India) Probability of Target Price Finishing Over Current Price

    CPSEETF -- India Stock  

    INR 20.93  5.52  20.87%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     20.93 30 days 20.93  CLOSE TO 99%
    Based on normal probability distribution, the odds of CPSE ETF to move above current price in 30 days from now is close to 99% (This CPSE ETF probability density function shows the probability of CPSE ETF Stock to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, CPSE ETF has beta of 0.1866 . This suggests as returns on market go up, CPSE ETF average returns are expected to increase less than the benchmark. However during bear market, the loss on holding CPSE ETF will be expected to be much smaller as well. Additionally CPSE ETF has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     CPSE ETF Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.11
    β
    Beta against DOW=0.19
    σ
    Overall volatility
    =0.30
    Ir
    Information ratio =0.027079

    CPSE ETF Alerts

    CPSE ETF Alerts and Suggestions

    CPSE ETF is not yet fully synchronised with the market data
    CPSE ETF generates negative expected return over the last 30 days
    CPSE ETF has high historical volatility and very poor performance
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