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

F000000I4H -- India Fund  

INR 132.38  0.60  0.46%

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 SBI Magnum Backtesting, Portfolio Optimization, SBI Magnum Correlation, SBI Magnum Hype Analysis, SBI Magnum Volatility, SBI Magnum History as well as SBI Magnum Performance.
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
 132.38 30 days 132.38  ABOUT 35.25%
Based on normal probability distribution, the odds of SBI Magnum to move above current price in 30 days from now is about 35.25% (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 -0.0536 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 The company has an alpha of 0.0073 implying that it can potentially generate 0.0073% excess return over DOW after adjusting for the inherited market risk (beta).
 SBI Magnum Price Density 
      Price 
α
Alpha over DOW
=0.007348
β
Beta against DOW=0.05
σ
Overall volatility
=53.49
Ir
Information ratio =0.07

SBI Magnum Alerts

SBI Magnum Alerts and Suggestions

SBI Magnum Tax generates negative expected return over the last 30 days
The fund retains about 11.47% of its assets under management (AUM) in cash

Price Density Drivers

SBI Magnum Health Indicators

Additionally see SBI Magnum Backtesting, Portfolio Optimization, SBI Magnum Correlation, SBI Magnum Hype Analysis, SBI Magnum Volatility, SBI Magnum History as well as SBI Magnum Performance. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.
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