|Horizon||30 Days Login to change|
Axis Income Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|10.80||30 days||10.80||ABOUT 8.54%|
Based on normal probability distribution, the odds of Axis Income to move above current price in 30 days from now is about 8.54% (This Axis Income Dir Qt 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 Dir Qt Div has beta of -0.0056 suggesting as returns on benchmark increase, returns on holding Axis Income are expected to decrease at a much smaller rate. During bear market, however, Axis Income Dir Qt Div is likely to outperform the market. Additionally The company has an alpha of 0.0199 implying that it can potentially generate 0.0199% excess return over DOW after adjusting for the inherited market risk (beta).
Axis Income Price Density
|Alpha over DOW||=||0.019881|
|Beta against DOW||=||0.0056|