Axis Income (India) Probability of Target Price Finishing Over Current Price

    F00000PDMH -- India Fund  

    INR 18.09  0.00  0.00%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     18.09 30 days 18.09  ROUGHLY 2.49%
    Based on normal probability distribution, the odds of Axis Income to move above current price in 30 days from now is roughly 2.49% (This Axis Income Dir Gr probability density function shows the probability of Axis Income Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Axis Income has beta of 0.002 suggesting as returns on market go up, Axis Income average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Axis Income Dir Gr will be expected to be much smaller as well. Additionally Axis Income Dir Gr has an alpha of 0.0755 implying that it can potentially generate 0.0755% excess return over DOW after adjusting for the inherited market risk (beta).
     Axis Income Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.08
    β
    Beta against DOW=0.002
    σ
    Overall volatility
    =0.13
    Ir
    Information ratio =0.33

    Axis Income Alerts

    Axis Income Alerts and Suggestions

    Axis Income Dir generates negative expected return over the last 30 days
    The fund retains about 22.21% of its assets under management (AUM) in cash
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