Bharat Immunologicals (India) Probability of Target Price Finishing Above 11.04

Bharat Immunologicals Biologicals Corp Ltd -- India Stock  

INR 21.3  0.1  0.47%

Bharat Immunologicals probability of target price tool provides mechanism to make assumptions about upside and downside potential of Bharat Immunologicals Biologicals Corp Ltd performance during a given time horizon utilizing its historical volatility. Please specify Bharat Immunologicals time horizon, a valid symbol (red box) and a target price (blue box) you would like Bharat Immunologicals odds to be computed. Check also Bharat Immunologicals Backtesting, Bharat Immunologicals Valuation, Bharat Immunologicals Correlation, Bharat Immunologicals Hype Analysis, Bharat Immunologicals Volatility, Bharat Immunologicals History as well as Bharat Immunologicals Performance
Investment Horizon     30 Days    Login   to change
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Bharat Immunologicals Target Price Odds to finish below 11.04

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 21.3 30 days 11.04  close to 100% near 1%
Based on normal probability distribution, the odds of Bharat Immunologicals to drop to  11.04  or more in 30 days from now is near 1%. Probability of Bharat Immunologicals price to stay between  11.04  and its current price of 21.3 at the end of the 30-day period is under 4%.
Assuming 30 trading days horizon, Bharat Immunologicals Biologicals Corp Ltd has beta of -0.069 . This suggests as returns on benchmark increase, returns on holding Bharat Immunologicals are expected to decrease at a much smaller rate. During bear market, however, Bharat Immunologicals Biologicals Corp Ltd is likely to outperform the market. Additionally Bharat Immunologicals Biologicals Corp Ltd has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
< 1%
Odds to drop to  11.04  or more in 30 days
 Bharat Immunologicals Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.23
βBeta against DOW=0.07
σ
Overall volatility
=0.67
 IrInformation ratio =0.13