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   
    α
    Alpha over DOW
    =0.39
    β
    Beta against DOW=0.18
    σ
    Overall volatility
    =6.02
    Ir
    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.
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