Bharat Immunologicals (India) Probability of Target Price Finishing Over 18.36

Bharat Immunologicals Biologicals Corp Ltd -- India Stock  

INR 21.3  0.25  1.16%

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 over 18.36

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 21.3 30 days 18.36  close to 100% near 1%
Based on normal probability distribution, the odds of Bharat Immunologicals to stay above  18.36  in 30 days from now is close to 100%. Probability of Bharat Immunologicals price to stay between  18.36  and its current price of 21.3 at the end of the 30-day period is nearly 4.75%.
Assuming 30 trading days horizon, Bharat Immunologicals has beta of 0.2091 . 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 a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
> 99%
Odds to stay above  18.36  in 30 days
 Bharat Immunologicals Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.12
βBeta against DOW=0.21
σ
Overall volatility
=0.7
 IrInformation ratio =0.07