Tata Balanced (India) Probability of Target Price Finishing Over Current Price

F00000MUQK -- India Fund  

INR 59.85  1.60  2.60%

Tata Balanced probability of target price tool provides mechanism to make assumptions about upside and downside potential of Tata Balanced Reg Mn Div performance during a given time horizon utilizing its historical volatility. Please specify Tata Balanced time horizon, a valid symbol (red box) and a target price (blue box) you would like Tata Balanced odds to be computed. Additionally see Investing Opportunities.
Horizon     30 Days    Login   to change
Symbol:
Refresh Odds

Tata Balanced Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 59.85 30 days 59.85  ABOUT 46.69%
Based on normal probability distribution, the odds of Tata Balanced to move above current price in 30 days from now is about 46.69% (This Tata Balanced Reg Mn Div probability density function shows the probability of Tata Balanced Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Tata Balanced Reg Mn Div has beta of -0.1242 suggesting as returns on benchmark increase, returns on holding Tata Balanced are expected to decrease at a much smaller rate. During bear market, however, Tata Balanced Reg Mn Div is likely to outperform the market. Additionally Tata Balanced Reg Mn Div has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Tata Balanced Price Density 
      Price 
α
Alpha over DOW
=0.43
β
Beta against DOW=0.12
σ
Overall volatility
=18.90
Ir
Information ratio =0.19

Tata Balanced Alerts

Tata Balanced Alerts and Suggestions

Tata Balanced Reg is not yet fully synchronised with the market data
The fund retains about 8.64% of its assets under management (AUM) in cash

Price Density Drivers

Tata Balanced Health Indicators

Additionally see Investing Opportunities. Please also try Equity Analysis module to research over 250,000 global equities including funds, stocks and etfs to find investment opportunities.
Search macroaxis.com