Bharat Immunologicals (India) Probability of Target Price Finishing Above 13.05

BIBCL -- India Stock  

INR 8.07  0.17  2.15%

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 Trending Equities.
Horizon     30 Days    Login   to change
Symbol:
Refresh Odds

Bharat Immunologicals Target Price Odds to finish below 13.05

Current PriceHorizonTarget PriceOdds to stay under  13.05  after 30 days
 8.07 30 days 13.05  CLOSE TO 99%
Based on normal probability distribution, the odds of Bharat Immunologicals to stay under  13.05  after 30 days from now is close to 99% (This Bharat Immunologicals Biologicals Corp Ltd probability density function shows the probability of Bharat Immunologicals Stock to fall within a particular range of prices over 30 days) . Probability of Bharat Immunologicals price to stay between its current price of  8.07  and  13.05  at the end of the 30-day period is about 65.62%.
Assuming 30 trading days horizon, Bharat Immunologicals Biologicals Corp Ltd has beta of -0.1475 . 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 The company has a negative alpha implying that the risk taken by holding this equity is not justified. Bharat Immunologicals is significantly underperforming DOW.
 Bharat Immunologicals Price Density 
      Price 
α
Alpha over DOW
=0.05
β
Beta against DOW=0.15
σ
Overall volatility
=0.59
Ir
Information ratio =0.0097

Bharat Immunologicals Alerts and Suggestions

Bharat Immunologicals is not yet fully synchronised with the market data
Bharat Immunologicals has very high historical volatility over the last 30 days
The company reported revenue of 836.45M. Net Loss for the year was (55.57M) with profit before overhead, payroll, taxes, and interest of 103.65M.

Bharat ImmunologicalsPrice Density Drivers

Float Shares17.57M
Average Daily Volume Last 10 Day20.37k
Average Daily Volume In Three Month30.39k
Search macroaxis.com