Bharat Immunologicals (India) Probability of Target Price Finishing Over 29.87

Bharat Immunologicals Biologicals Corp Ltd -- India Stock  

INR 24.8  0.2  0.81%

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 29.87

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 24.8 30 days 29.87  near 1% close to 100%
Based on normal probability distribution, the odds of Bharat Immunologicals to move over  29.87  or more in 30 days from now is near 1%. Probability of Bharat Immunologicals price to stay between its current price of  24.8  and  29.87  at the end of the 30-day period is about 7.28%.
Assuming 30 trading days horizon, the stock has beta coefficient of 1.1851 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Bharat Immunologicals will likely underperform. Additionally Bharat Immunologicals Biologicals Corp Ltd has an alpha of 0.4243704257863637 implying that it can potentially generate 0.4243704257863637% excess return over DOW after adjusting for the inherited market risk (beta).
< 1%
Odds to move over  29.87  or more in 30 days
 Bharat Immunologicals Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.42
βBeta against DOW=1.19
σ
Overall volatility
=1.55
 IrInformation ratio =0.098706