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

    JMEQUITYACC -- India Fund  

    INR 64.28  0.90  1.38%

    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
     64.28 30 days 64.28  ABOUT 33.69%
    Based on normal probability distribution, the odds of JM Equity to move above current price in 30 days from now is about 33.69% (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 Gr has beta of -0.0694 . This indicates as returns on benchmark increase, returns on holding JM Equity are expected to decrease at a much smaller rate. During bear market, however, JM Equity Gr is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. JM Equity Gr is significantly underperforming DOW.
     JM Equity Price Density 
    Alpha over DOW
    Beta against DOW=0.07
    Overall volatility
    Information ratio =0.02

    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

    JM EquityPrice Density Drivers