HSBC Midcap (India) Probability of Target Price Finishing Over Current Price

F00000PE2I -- India Fund  

INR 20.90  1.26  5.69%

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 20.90 30 days 20.90  CLOSE TO 99%
Based on normal probability distribution, the odds of HSBC Midcap to move above current price in 30 days from now is close to 99% (This HSBC Midcap Equity Dir Div probability density function shows the probability of HSBC Midcap Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, HSBC Midcap has beta of 0.7362 suggesting as returns on market go up, HSBC Midcap average returns are expected to increase less than the benchmark. However during bear market, the loss on holding HSBC Midcap Equity Dir Div will be expected to be much smaller as well. Additionally HSBC Midcap Equity Dir Div has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 HSBC Midcap Price Density 
      Price 
α
Alpha over DOW
=1.25
β
Beta against DOW=0.74
σ
Overall volatility
=2.57
Ir
Information ratio =0.32

HSBC Midcap Alerts

HSBC Midcap Alerts and Suggestions

HSBC Midcap Equity is not yet fully synchronised with the market data
The fund retains 98.75% of its assets under management (AUM) in equities

Price Density Drivers

HSBC Midcap Health Indicators

Additionally see Investing Opportunities. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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