|Horizon||30 Days Login to change|
Reliance Mid Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|45.78||30 days||45.78||ABOUT 30.1%|
Based on normal probability distribution, the odds of Reliance Mid to move above current price in 30 days from now is about 30.1% (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 0.0759 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 The company has an alpha of 0.027 implying that it can potentially generate 0.027% excess return over DOW after adjusting for the inherited market risk (beta).
Reliance Mid Price Density
|Alpha over DOW||=||0.027008|
|Beta against DOW||=||0.08|