|Current Price||Horizon||Target Price||Odds 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 || |