|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 15.59 ||30 days|| 15.59 || ABOUT 31.8%|
Based on normal probability distribution, the odds of Canara Robeco to move above current price in 30 days from now is about 31.8% (This Canara Robeco InDiGo Dir Gr probability density function shows the probability of Canara Robeco Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Canara Robeco InDiGo Dir Gr has beta of -0.0703 suggesting as returns on benchmark increase, returns on holding Canara Robeco are expected to decrease at a much smaller rate. During bear market, however, Canara Robeco InDiGo Dir Gr is likely to outperform the market. Additionally Canara Robeco InDiGo Dir Gr has an alpha of 0.0948 implying that it can potentially generate 0.0948% excess return over DOW after adjusting for the inherited market risk (beta).
Canara Robeco Price Density
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|Current Price || ||Target Price || |