ICICI Pru (India) Probability of Target Price Finishing Over Current Price

    F00000NVVE -- India Fund  

    INR 19.08  0.01  0.05%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     19.08 30 days 19.08  ABOUT 31.28%
    Based on normal probability distribution, the odds of ICICI Pru to move above current price in 30 days from now is about 31.28% (This ICICI Pru Banking PSU Debt Retl Gr probability density function shows the probability of ICICI Pru Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, ICICI Pru Banking PSU Debt Retl Gr has beta of -0.0092 suggesting as returns on benchmark increase, returns on holding ICICI Pru are expected to decrease at a much smaller rate. During bear market, however, ICICI Pru Banking PSU Debt Retl Gr is likely to outperform the market. Additionally ICICI Pru Banking PSU Debt Retl Gr has an alpha of 0.0661 implying that it can potentially generate 0.0661% excess return over DOW after adjusting for the inherited market risk (beta).
     ICICI Pru Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.07
    β
    Beta against DOW=0.0092
    σ
    Overall volatility
    =7.45
    Ir
    Information ratio =0.18

    ICICI Pru Alerts

    ICICI Pru Alerts and Suggestions

    The fund retains about 15.21% of its assets under management (AUM) in cash
    Additionally see Investing Opportunities. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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