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|
JM Equity Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds 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
|Alpha over DOW||=||0.10|
|Beta against DOW||=||0.12|