Axis Income (India) Probability of Target Price Finishing Over Current Price

    F00000PFE6 -- India Fund  

    INR 13.85  0.00  0.00%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     13.85 30 days 13.85  ABOUT 36.63%
    Based on normal probability distribution, the odds of Axis Income to move above current price in 30 days from now is about 36.63% (This Axis Income Saver Dir Qtly Div 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 has beta of 0.1126 suggesting as returns on market go up, Axis Income average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Axis Income Saver Dir Qtly Div will be expected to be much smaller as well. Additionally Axis Income Saver Dir Qtly Div has an alpha of 0.0254 implying that it can potentially generate 0.0254% excess return over DOW after adjusting for the inherited market risk (beta).
     Axis Income Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.025389
    β
    Beta against DOW=0.11
    σ
    Overall volatility
    =4.04
    Ir
    Information ratio =0.32

    Axis Income Alerts

    Axis Income Alerts and Suggestions

    The fund retains about 40.74% of its assets under management (AUM) in cash
    Additionally see Investing Opportunities. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.
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