Reliance Mid (India) Probability of Target Price Finishing Over Current Price

F00000PD72 -- India Fund  

INR 46.94  2.76  5.55%

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 46.94 30 days 46.94  ABOUT 10.8%
Based on normal probability distribution, the odds of Reliance Mid to move above current price in 30 days from now is about 10.8% (This Reliance Mid Small Cap Dir Gr probability density function shows the probability of Reliance Mid Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Reliance Mid has beta of 0.2137 suggesting as returns on market go up, Reliance Mid average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Reliance Mid Small Cap Dir Gr will be expected to be much smaller as well. Additionally Reliance Mid Small Cap Dir Gr has an alpha of 0.2003 implying that it can potentially generate 0.2003% excess return over DOW after adjusting for the inherited market risk (beta).
 Reliance Mid Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.20
β
Beta against DOW=0.21
σ
Overall volatility
=23.76
Ir
Information ratio =0.08

Reliance Mid Alerts

Reliance Mid Alerts and Suggestions

Reliance Mid Small generates negative expected return over the last 30 days
Reliance Mid Small has high historical volatility and very poor performance
The fund retains 97.4% of its assets under management (AUM) in equities

Price Density Drivers

Reliance Mid Health Indicators

Additionally see Investing Opportunities. Please also try Portfolio Reporting module to create custom reports across your portfolios and generate quick suggestion pitch.
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