Bharat Immunologicals (India) Probability of Target Price

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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Odds Analysis

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 32.30 30 days 29.87  about 1.77% about 98.0%
Based on normal probability distribution, the odds of Bharat Immunologicals to stay above  29.87  in 30 days from now is about 1.77%. Probability of Bharat Immunologicals price to stay between  29.87  and its current price of 32.3 at the end of the 30-day period is about 1.72%.
Assuming 30 trading days horizon, the stock has beta coefficient of 1.0812 . This suggests Bharat Immunologicals Biologicals Corp Ltd market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Bharat Immunologicals is expected to follow. Additionally Bharat Immunologicals Biologicals Corp Ltd has an alpha of 0.7112 implying that it can potentially generate 0.7112% excess return over NYSE after adjusting for the inherited market risk (beta).
2.0%
Odds to stay above  29.87  in 30 days
 Bharat Immunologicals Price Density 
 
Embed  
 Prices     
Current Price   Target Price   
α
Alpha over NYSE
= 0.71 
βBeta against NYSE= 1.08 
σ
Overall volatility
= 2.00 
 IrInformation ratio = 0.18