JM Balanced (India) Probability of Target Price Finishing Over Current Price

F00000V5UM -- India Fund  

INR 49.70  0.0032  0.0064%

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 49.70 30 days 49.70  ABOUT 34.66%
Based on normal probability distribution, the odds of JM Balanced to move above current price in 30 days from now is about 34.66% (This JM Balanced Dir HY Bns Princ probability density function shows the probability of JM Balanced Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, JM Balanced Dir HY Bns Princ has beta of -0.0188 suggesting as returns on benchmark increase, returns on holding JM Balanced are expected to decrease at a much smaller rate. During bear market, however, JM Balanced Dir HY Bns Princ is likely to outperform the market. Additionally The company has an alpha of 0.0634 implying that it can potentially generate 0.0634% excess return over DOW after adjusting for the inherited market risk (beta).
 JM Balanced Price Density 
      Price 
α
Alpha over DOW
=0.06
β
Beta against DOW=0.02
σ
Overall volatility
=15.76
Ir
Information ratio =0.01

JM Balanced Alerts

JM Balanced Alerts and Suggestions

JM Balanced Dir is not yet fully synchronised with the market data
The fund retains about 30.25% of its assets under management (AUM) in cash

Price Density Drivers

JM Balanced Health Indicators

Additionally see Investing Opportunities. Please also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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