SBI Magnum (India) Probability of Target Price Finishing Over Current Price

    F00000PDCS -- India Fund  

    INR 13.75  0.00  0.00%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     13.75 30 days 13.75  ABOUT 29.4%
    Based on normal probability distribution, the odds of SBI Magnum to move above current price in 30 days from now is about 29.4% (This SBI Magnum Income Dir Div probability density function shows the probability of SBI Magnum Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, SBI Magnum Income Dir Div has beta of -3.2073 suggesting as returns on its benchmark rise, returns on holding SBI Magnum Income Dir Div are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, SBI Magnum is expected to outperform its benchmark. Moreover SBI Magnum Income Dir Div has an alpha of 1.1512 implying that it can potentially generate 1.1512% excess return over DOW after adjusting for the inherited market risk (beta).
     SBI Magnum Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =1.15
    β
    Beta against DOW=3.21
    σ
    Overall volatility
    =4.68
    Ir
    Information ratio =0.038743

    SBI Magnum Alerts

    SBI Magnum Alerts and Suggestions

    SBI Magnum Income generates negative expected return over the last 30 days
    The fund retains about 5.08% of its assets under management (AUM) in cash
    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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