Reliance Health (India) Probability of Target Price Finishing Over Current Price

    F00000H4YX -- India Fund  

    INR 12.11  0.13  1.06%

    Reliance Health probability of target price tool provides mechanism to make assumptions about upside and downside potential of Reliance Health Infrastructure Fund 1 performance during a given time horizon utilizing its historical volatility. Please specify Reliance Health time horizon, a valid symbol (red box) and a target price (blue box) you would like Reliance Health odds to be computed. Additionally see Investing Opportunities.
    Horizon     30 Days    Login   to change
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    Reliance Health Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     12.11 30 days 12.11  ABOUT 19.78%
    Based on normal probability distribution, the odds of Reliance Health to move above current price in 30 days from now is about 19.78% (This Reliance Health Infrastructure Fund 1 probability density function shows the probability of Reliance Health Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Reliance Health Infrastructure Fund 1 has beta of -0.177 suggesting as returns on benchmark increase, returns on holding Reliance Health are expected to decrease at a much smaller rate. During bear market, however, Reliance Health Infrastructure Fund 1 is likely to outperform the market. Additionally Reliance Health Infrastructure Fund 1 has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     Reliance Health Price Density 
    Current Price   Target Price   
    Alpha over DOW
    Beta against DOW=0.18
    Overall volatility
    Information ratio =0.6

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    The fund retains 95.43% of its assets under management (AUM) in equities
    Additionally see Investing Opportunities. Please also try Companies Directory module to evaluate performance of over 100,000 stocks, funds, and etfs against different fundamentals.