Bharat Immunologicals (India) Probability of Target Price Finishing Over 25.68

Bharat Immunologicals Biologicals Corp Ltd -- India Stock  

INR 29.45  1.05  3.7%

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
 Time Horizon     30 Days    Login   to change
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Bharat Immunologicals Target Price Odds to finish over 25.68

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 29.45 30 days 25.68  close to 100% near 1%
Based on normal probability distribution, the odds of Bharat Immunologicals to stay above  25.68  in 30 days from now is close to 100%. Probability of Bharat Immunologicals price to stay between  25.68  and its current price of 29.45 at the end of the 30-day period is about 9.2%.
Assuming 30 trading days horizon, Bharat Immunologicals Biologicals Corp Ltd has beta of -4.7423 . This suggests as returns on its benchmark rise, returns on holding Bharat Immunologicals Biologicals Corp Ltd are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Bharat Immunologicals is expected to outperform its benchmark. Moreover Bharat Immunologicals Biologicals Corp Ltd has an alpha of 1.0488794592681818 implying that it can potentially generate 1.0488794592681818% excess return over DOW after adjusting for the inherited market risk (beta).
> 99%
Odds to stay above  25.68  in 30 days
 Bharat Immunologicals Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=1.05
β
Beta against DOW=4.74
σ
Overall volatility
=2.63
Ir
Information ratio =0.06