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

    F00000PFLR -- India Fund  

    INR 10.80  0.0037  0.0342%

    Axis Income probability of target price tool provides mechanism to make assumptions about upside and downside potential of Axis Income Dir Qt 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
     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
    Beta against DOW=0.0056
    Overall volatility
    Information ratio =0.44

    Axis Income Alerts

    Axis Income Alerts and Suggestions

    Axis Income Dir is not yet fully synchronised with the market data
    On December 26, 2018 Axis Income paid 0.1801 per share dividend to its current shareholders
    The fund retains about 92.65% of its assets under management (AUM) in fixed income securities

    Price Density Drivers

    Axis Income Health Indicators

    Additionally see Investing Opportunities. Please also try Coins and Tokens Correlation module to utilize digital token correlation table to build portfolio of cryptocurrencies across multiple exchanges.