Bharat Immunologicals (India) Probability of Target Price Finishing Above 21.95

    Bharat Immunologicals Biologicals Corp Ltd -- India Stock  

    INR 25.05  1.70  6.36%

    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.
     Time Horizon     30 Days    Login   to change
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    Bharat Immunologicals Target Price Odds to finish below 21.95

    Current PriceHorizonTarget PriceAbove OddsBelow Odds
     25.05 30 days 21.95  over 95.68% nearly 4.29%
    Based on normal probability distribution, the odds of Bharat Immunologicals to drop to  21.95  or more in 30 days from now is nearly 4.29%. Probability of Bharat Immunologicals price to stay between  21.95  and its current price of 25.05 at the end of the 30-day period is about 17.56%.
    Assuming 30 trading days horizon, Bharat Immunologicals Biologicals Corp Ltd has beta of -0.2954 . 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
    4.0%
    Odds to drop to  21.95  or more in 30 days
     Bharat Immunologicals Price Density 
     
     Prices     
    Current Price   Target Price   
    α
    Alpha over DOW
    =1.42
    β
    Beta against DOW=0.3
    σ
    Overall volatility
    =3.30
    Ir
    Information ratio =0.36

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