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

    JMEQUITYDIRD -- India Fund  

    INR 22.06  0.0045  0.0204%

    JM Equity probability of target price tool provides mechanism to make assumptions about upside and downside potential of JM Equity Dir Div 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
     22.06 30 days 22.06  ROUGHLY 96.0%
    Based on normal probability distribution, the odds of JM Equity to move above current price in 30 days from now is roughly 96.0% (This JM Equity Dir Div 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 Dir Div has beta of -0.2252 . 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 Dir Div is likely to outperform the market. Additionally JM Equity Dir Div has an alpha of 0.0221 implying that it can potentially generate 0.0221% excess return over DOW after adjusting for the inherited market risk (beta).
     JM Equity Price Density 
    Current Price   Target Price   
    Alpha over DOW
    Beta against DOW=0.23
    Overall volatility
    Information ratio =0.14

    JM Equity Alerts

    JM Equity Alerts and Suggestions

    The fund retains about 20.0% of its assets under management (AUM) in cash
    Please also check Risk vs Return Analysis. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.