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

    JMEQUITYACC -- India Fund  

    INR 64.46  0.12  0.19%

    JM Equity probability of target price tool provides mechanism to make assumptions about upside and downside potential of JM Equity Gr performance during a given time horizon utilizing its historical volatility. Please specify JM Equity time horizon, a valid symbol (red box) and a target price (blue box) you would like JM Equity odds to be computed. Please also check Risk vs Return Analysis.
    Horizon     30 Days    Login   to change
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    JM Equity Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     64.46 30 days 64.46  ABOUT 32.7%
    Based on normal probability distribution, the odds of JM Equity to move above current price in 30 days from now is about 32.7% (This JM Equity Gr probability density function shows the probability of JM Equity Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, JM Equity has beta of 0.1208 . This indicates as returns on market go up, JM Equity average returns are expected to increase less than the benchmark. However during bear market, the loss on holding JM Equity Gr will be expected to be much smaller as well. Additionally JM Equity Gr has an alpha of 0.1039 implying that it can potentially generate 0.1039% excess return over DOW after adjusting for the inherited market risk (beta).
     JM Equity Price Density 
          Price 
    α
    Alpha over DOW
    =0.10
    β
    Beta against DOW=0.12
    σ
    Overall volatility
    =24.88
    Ir
    Information ratio =0.39

    JM Equity Alerts

    JM Equity Alerts and Suggestions

    JM Equity Gr is not yet fully synchronised with the market data
    The fund generated five year return of -6.0%
    JM Equity Gr retains about 20.0% of its assets under management (AUM) in cash

    Price Density Drivers

    JM Equity Health Indicators

    Please also check Risk vs Return Analysis. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.
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