Bharat Immunologicals (India) Probability of Target Price

Bharat Immunologicals Biologicals Corp Ltd -- India Stock  

INR 22.20  0.95  4.47%

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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Odds Analysis

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 22.20 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 22.2 at the end of the 30-day period is about 57.47%.
Assuming 30 trading days horizon, Bharat Immunologicals has beta of 0.0667 . This suggests as returns on market go up, Bharat Immunologicals average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Bharat Immunologicals Biologicals Corp Ltd will be expected to be much smaller as well. Additionally Bharat Immunologicals Biologicals Corp Ltd has an alpha of 0.0353 implying that it can potentially generate 0.0353% excess return over DOW after adjusting for the inherited market risk (beta).
< 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
= 0.035300 
βBeta against DOW= 0.066700 
σ
Overall volatility
= 0.56 
 IrInformation ratio =(0.023400)