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 
          Price 
    α
    Alpha over DOW
    =0.02
    β
    Beta against DOW=0.07
    σ
    Overall volatility
    =24.16
    Ir
    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

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