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

    JMEQUITYDIRD -- India Fund  

    INR 27.02  0.60  2.17%

    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
     27.02 30 days 27.02  ABOUT 85.87%
    Based on normal probability distribution, the odds of JM Equity to move above current price in 30 days from now is about 85.87% (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 -0.171 . 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 0.0381 implying that it can potentially generate 0.0381% excess return over DOW after adjusting for the inherited market risk (beta).
     JM Equity Price Density 
          Price 
    α
    Alpha over DOW
    =0.038066
    β
    Beta against DOW=0.17
    σ
    Overall volatility
    =0.34
    Ir
    Information ratio =0.12

    JM Equity Alerts

    JM Equity Alerts and Suggestions

    JM Equity Dir is not yet fully synchronised with the market data
    The fund retains about 20.0% of its assets under management (AUM) in cash
    Please also check Risk vs Return Analysis. Please also try Transaction History module to view history of all your transactions and understand their impact on performance.
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