Franklin India (India) Probability of Target Price Finishing Over Current Price

F00000PDXS -- India Fund  

INR 83.08  1.20  1.47%

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 83.08 30 days 83.08  ABOUT 21.93%
Based on normal probability distribution, the odds of Franklin India to move above current price in 30 days from now is about 21.93% (This Franklin India Flexi Cap Dir Gr probability density function shows the probability of Franklin India Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Franklin India Flexi Cap Dir Gr has beta of -0.4875 suggesting as returns on benchmark increase, returns on holding Franklin India are expected to decrease at a much smaller rate. During bear market, however, Franklin India Flexi Cap Dir Gr is likely to outperform the market. Additionally Franklin India Flexi Cap Dir Gr has an alpha of 0.0458 implying that it can potentially generate 0.0458% excess return over DOW after adjusting for the inherited market risk (beta).
 Franklin India Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.045812
β
Beta against DOW=0.49
σ
Overall volatility
=40.20
Ir
Information ratio =0.16

Franklin India Alerts

Franklin India Alerts and Suggestions

Franklin India Flexi generates negative expected return over the last 30 days
The fund retains about 7.44% of its assets under management (AUM) in cash
Additionally see Investing Opportunities. Please also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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