|Horizon||30 Days Login to change|
India First Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|17.19||30 days||17.19||ABOUT 28.04%|
Based on normal probability distribution, the odds of India First to move above current price in 30 days from now is about 28.04% (This India First Life Debt 1 probability density function shows the probability of India First Fund to fall within a particular range of prices over 30 days) .Assuming 30 trading days horizon, India First has beta of 0.0013 . This indicates as returns on market go up, India First average returns are expected to increase less than the benchmark. However during bear market, the loss on holding India First Life Debt 1 will be expected to be much smaller as well. Additionally India First Life Debt 1 has an alpha of 0.0096 implying that it can potentially generate 0.0096% excess return over DOW after adjusting for the inherited market risk (beta).
India First Price Density
|Alpha over DOW||=||0.00963|
|Beta against DOW||=||0.0013|