Bharat Immunologicals (India) Probability of Target Price Finishing Above 20.9

BIBCL -- India Stock  

INR 11.34  0.16  1.39%

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.
Horizon     30 Days    Login   to change
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Bharat Immunologicals Target Price Odds to finish below 20.9

Current PriceHorizonTarget PriceOdds to stay under  20.90  after 30 days
 11.34 30 days 20.90  CLOSE TO 99%
Based on normal probability distribution, the odds of Bharat Immunologicals to stay under  20.90  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  11.34  and  20.90  at the end of the 30-day period is roughly 96.0%.
Assuming 30 trading days horizon, Bharat Immunologicals Biologicals Corp Ltd has beta of -0.2311 . 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.
 Bharat Immunologicals Price Density 
      Price 
α
Alpha over DOW
=0.37
β
Beta against DOW=0.23
σ
Overall volatility
=0.68
Ir
Information ratio =0.05

Bharat Immunologicals Alerts

Bharat Immunologicals Alerts and Suggestions

Bharat Immunologicals generates negative expected return over the last 30 days
Bharat Immunologicals has high likelihood to experience some financial distress in the next 2 years
The company reported revenue of 309.06M. Net Loss for the year was (36.45M) with profit before overhead, payroll, taxes, and interest of 75.53M.

Price Density Drivers

Bharat Immunologicals Health Indicators

Float Shares17.61M
Average Daily Volume Last 10 Day15.41k
Average Daily Volume In Three Month17.93k
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