|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 20.64 ||30 days|| 20.64 || ABOUT 34.89%|
Based on normal probability distribution, the odds of Axis Income to move above current price in 30 days from now is about 34.89% (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 Saver Dir Gr has beta of -0.2824 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 Saver Dir Gr is likely to outperform the market. Additionally Axis Income Saver Dir Gr has an alpha of 0.2276 implying that it can potentially generate 0.2276% excess return over DOW after adjusting for the inherited market risk (beta).
Axis Income Price Density
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|Current Price || ||Target Price || |