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

    F000000I4H -- India Fund  

    INR 132.66  3.10  2.28%

    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
     132.66 30 days 132.66  ABOUT 28.48%
    Based on normal probability distribution, the odds of SBI Magnum to move above current price in 30 days from now is about 28.48% (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 Tax Gain 93 Reg Gr has beta of -0.2034 suggesting as returns on benchmark increase, returns on holding SBI Magnum are expected to decrease at a much smaller rate. During bear market, however, SBI Magnum Tax Gain 93 Reg Gr is likely to outperform the market. Additionally SBI Magnum Tax Gain 93 Reg Gr has an alpha of 0.1741 implying that it can potentially generate 0.1741% excess return over DOW after adjusting for the inherited market risk (beta).
     SBI Magnum Price Density 
          Price 
    α
    Alpha over DOW
    =0.17
    β
    Beta against DOW=0.2
    σ
    Overall volatility
    =66.39
    Ir
    Information ratio =0.23

    SBI Magnum Alerts

    SBI Magnum Alerts and Suggestions

    SBI Magnum Tax is not yet fully synchronised with the market data
    The fund retains about 8.6% of its assets under management (AUM) in cash
    Additionally see Investing Opportunities. Please also try Transaction History module to view history of all your transactions and understand their impact on performance.
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