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

    F00000PCXL -- India Fund  

    INR 10.36  0.01  0.001%

    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 34.7%
    Based on normal probability distribution, the odds of JM Money to move above current price in 30 days from now is about 34.7% (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 Manager Super Plus Dir Fr Div has beta of -0.0072 suggesting as returns on benchmark increase, returns on holding JM Money are expected to decrease at a much smaller rate. During bear market, however, JM Money Manager Super Plus Dir Fr Div is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. JM Money Manager is significantly underperforming DOW.
     JM Money Price Density 
          Price 
    α
    Alpha over DOW
    =0.0092
    β
    Beta against DOW=0.0072
    σ
    Overall volatility
    =3.60
    Ir
    Information ratio =0.70

    JM Money Alerts

    JM Money Alerts and Suggestions

    JM Money Manager is not yet fully synchronised with the market data
    The fund retains about 80.29% of its assets under management (AUM) in cash

    Price Density Drivers

    JM Money Health Indicators

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