SBI Magnum (India) Probability of Target Price Finishing Over Current Price

    F000000I4H -- India Fund  

    INR 142.65  1.21  0.86%

    SBI Magnum probability of target price tool provides mechanism to make assumptions about upside and downside potential of SBI Magnum Tax Gain 93 Reg Gr performance during a given time horizon utilizing its historical volatility. Please specify SBI Magnum time horizon, a valid symbol (red box) and a target price (blue box) you would like SBI Magnum odds to be computed. Additionally see Investing Opportunities.
    Horizon     30 Days    Login   to change
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    SBI Magnum Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     142.65 30 days 142.65  ABOUT 22.72%
    Based on normal probability distribution, the odds of SBI Magnum to move above current price in 30 days from now is about 22.72% (This SBI Magnum Tax Gain 93 Reg Gr probability density function shows the probability of SBI Magnum Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, SBI Magnum has beta of 0.6167 suggesting as returns on market go up, SBI Magnum average returns are expected to increase less than the benchmark. However during bear market, the loss on holding SBI Magnum Tax Gain 93 Reg Gr will be expected to be much smaller as well. Additionally SBI Magnum Tax Gain 93 Reg Gr has an alpha of 0.1169 implying that it can potentially generate 0.1169% excess return over DOW after adjusting for the inherited market risk (beta).
     SBI Magnum Price Density 
    Current Price   Target Price   
    Alpha over DOW
    Beta against DOW=0.62
    Overall volatility
    Information ratio =0.07

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    SBI Magnum Alerts and Suggestions

    The fund retains about 8.6% of its assets under management (AUM) in cash
    Additionally see Investing Opportunities. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.