|Horizon||30 Days Login to change|
SBI Magnum Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|13.70||30 days||13.70||ABOUT 31.66%|
Based on normal probability distribution, the odds of SBI Magnum to move above current price in 30 days from now is about 31.66% (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, the fund has beta coefficient of 1.903 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, SBI Magnum will likely underperform. Additionally The company has an alpha of 0.2405 implying that it can potentially generate 0.2405% excess return over DOW after adjusting for the inherited market risk (beta).
SBI Magnum Price Density
|Alpha over DOW||=||0.24|
|Beta against DOW||=||1.90|