|Horizon||30 Days Login to change|
HDFC Cash Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|10.07||30 days||10.07||ABOUT 26.96%|
Based on normal probability distribution, the odds of HDFC Cash to move above current price in 30 days from now is about 26.96% (This HDFC Cash Mgmt Trs Adv Dir Dl Div probability density function shows the probability of HDFC Cash Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, HDFC Cash Mgmt Trs Adv Dir Dl Div has beta of -0.0414 suggesting as returns on benchmark increase, returns on holding HDFC Cash are expected to decrease at a much smaller rate. During bear market, however, HDFC Cash Mgmt Trs Adv Dir Dl Div is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. HDFC Cash Mgmt is significantly underperforming DOW.
HDFC Cash Price Density
|Alpha over DOW||=||0.0079|
|Beta against DOW||=||0.04|