|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 18.32 ||30 days|| 18.32 || NEAR 1%|
Based on normal probability distribution, the odds of Axis Income to move above current price in 30 days from now is near 1% (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 Dir Gr has beta of -0.0023 suggesting as returns on benchmark increase, returns on holding Axis Income are expected to decrease at a much smaller rate. During bear market, however, Axis Income Dir Gr is likely to outperform the market. Additionally Axis Income Dir Gr has an alpha of 0.0987 implying that it can potentially generate 0.0987% excess return over DOW after adjusting for the inherited market risk (beta).
Axis Income Price Density