PNB Met (India) Probability of Target Price Finishing Over Current Price

F00000H4SN -- India Fund  

INR 42.59  0.09  0.21%

PNB Met probability of target price tool provides mechanism to make assumptions about upside and downside potential of PNB Met Life Multiplier performance during a given time horizon utilizing its historical volatility. Please specify PNB Met time horizon, a valid symbol (red box) and a target price (blue box) you would like PNB Met odds to be computed. Additionally see PNB Met Backtesting, Portfolio Optimization, PNB Met Correlation, PNB Met Hype Analysis, PNB Met Volatility, PNB Met History as well as PNB Met Performance.
Horizon     30 Days    Login   to change
Symbol:
Refresh Odds

PNB Met Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 42.59 30 days 42.59  ABOUT 39.55%
Based on normal probability distribution, the odds of PNB Met to move above current price in 30 days from now is about 39.55% (This PNB Met Life Multiplier probability density function shows the probability of PNB Met Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, PNB Met Life Multiplier has beta of -0.1085 suggesting as returns on benchmark increase, returns on holding PNB Met are expected to decrease at a much smaller rate. During bear market, however, PNB Met Life Multiplier is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. PNB Met Life is significantly underperforming DOW.
 PNB Met Price Density 
      Price 
α
Alpha over DOW
=0.05
β
Beta against DOW=0.11
σ
Overall volatility
=12.56
Ir
Information ratio =0.16

PNB Met Alerts

PNB Met Alerts and Suggestions

PNB Met Life generates negative expected return over the last 30 days
The fund retains about 6.53% of its assets under management (AUM) in cash

Price Density Drivers

PNB Met Health Indicators

Additionally see PNB Met Backtesting, Portfolio Optimization, PNB Met Correlation, PNB Met Hype Analysis, PNB Met Volatility, PNB Met History as well as PNB Met Performance. Please also try Instant Ratings module to determine any equity ratings based on digital recommendations. macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Search macroaxis.com