|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 13.70 ||30 days|| 13.70 || ABOUT 31.67%|
Based on normal probability distribution, the odds of SBI Magnum to move above current price in 30 days from now is about 31.67% (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 -1.9701 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 1.2977 implying that it can potentially generate 1.2977% excess return over DOW after adjusting for the inherited market risk (beta).