|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 12.79 ||30 days|| 12.79 || ABOUT 28.71%|
Based on normal probability distribution, the odds of ICICI Pru to move above current price in 30 days from now is about 28.71% (This ICICI Pru MIP Dir Mn Div 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 has beta of 0.0045 suggesting as returns on market go up, ICICI Pru average returns are expected to increase less than the benchmark. However during bear market, the loss on holding ICICI Pru MIP Dir Mn Div will be expected to be much smaller as well. Additionally ICICI Pru MIP Dir Mn Div has an alpha of 0.0102 implying that it can potentially generate 0.0102% excess return over DOW after adjusting for the inherited market risk (beta).