JM Money (India) Probability of Target Price Finishing Over Current Price

    F00000PCXL -- India Fund  

    INR 10.36  0.00  0.00%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     10.36 30 days 10.36  ABOUT 27.53%
    Based on normal probability distribution, the odds of JM Money to move above current price in 30 days from now is about 27.53% (This JM Money Manager Super Plus Dir Fr Div probability density function shows the probability of JM Money Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, JM Money has beta of 0.0335 suggesting as returns on market go up, JM Money average returns are expected to increase less than the benchmark. However during bear market, the loss on holding JM Money Manager Super Plus Dir Fr Div will be expected to be much smaller as well. Additionally JM Money Manager Super Plus Dir Fr Div has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     JM Money Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.02
    β
    Beta against DOW=0.0335
    σ
    Overall volatility
    =4.73
    Ir
    Information ratio =2.27

    JM Money Alerts

    JM Money Alerts and Suggestions

    The fund retains about 80.29% of its assets under management (AUM) in cash

    Price Density Drivers

    JM Money Health Indicators

    Additionally see Investing Opportunities. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.
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