|Current Price||Horizon||Target Price||Odds to move over 20.90 or more in 30 days|
| 16.15 ||30 days|| 20.90 || NEAR 1%|
Based on normal probability distribution, the odds of Bharat Immunologicals to move over 20.90 or more in 30 days from now is near 1% (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 16.15 and 20.90 at the end of the 30-day period is about 30.88%.
Assuming 30 trading days horizon, Bharat Immunologicals Biologicals Corp Ltd has beta of -0.3266 . 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
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