Taurus Nifty (India) Probability of Target Price Finishing Over Current Price

TAURUSNIFTYI -- India Fund  

INR 19.76  0.74  3.61%

Taurus Nifty probability of target price tool provides mechanism to make assumptions about upside and downside potential of Taurus Nifty Index Gr performance during a given time horizon utilizing its historical volatility. Please specify Taurus Nifty time horizon, a valid symbol (red box) and a target price (blue box) you would like Taurus Nifty odds to be computed. Also please take a look at World Market Map.
Horizon     30 Days    Login   to change
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Taurus Nifty Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 19.76 30 days 19.76  ABOUT 40.24%
Based on normal probability distribution, the odds of Taurus Nifty to move above current price in 30 days from now is about 40.24% (This Taurus Nifty Index Gr probability density function shows the probability of Taurus Nifty Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Taurus Nifty Index Gr has beta of -0.064 . This entails as returns on benchmark increase, returns on holding Taurus Nifty are expected to decrease at a much smaller rate. During bear market, however, Taurus Nifty Index Gr is likely to outperform the market. Additionally The company has an alpha of 0.1776 implying that it can potentially generate 0.1776% excess return over DOW after adjusting for the inherited market risk (beta).
 Taurus Nifty Price Density 
      Price 
α
Alpha over DOW
=0.18
β
Beta against DOW=0.06
σ
Overall volatility
=5.91
Ir
Information ratio =0.07

Taurus Nifty Alerts

Taurus Nifty Alerts and Suggestions

Taurus Nifty Index is not yet fully synchronised with the market data
Taurus Nifty Index generates negative expected return over the last 30 days
The fund maintains 99.55% of its assets in stocks

Price Density Drivers

Taurus Nifty Health Indicators

Also please take a look at World Market Map. Please also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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