|Horizon||30 Days Login to change|
Axis Income Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|20.25||30 days||20.25||ABOUT 20.59%|
Based on normal probability distribution, the odds of Axis Income to move above current price in 30 days from now is about 20.59% (This Axis Income Saver 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 0.0313 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 Saver Dir Gr will be expected to be much smaller as well. Additionally The company has an alpha of 0.0333 implying that it can potentially generate 0.0333% excess return over DOW after adjusting for the inherited market risk (beta).
Axis Income Price Density
|Alpha over DOW||=||0.033291|
|Beta against DOW||=||0.0313|