Bharat Immunologicals (India) Probability of Target Price Finishing Above 8.83

BIBCL -- India Stock  

INR 8.47  0.02  0.24%

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.
Horizon     30 Days    Login   to change
Symbol:
Refresh Odds

Bharat Immunologicals Target Price Odds to finish below 8.83

Current PriceHorizonTarget PriceOdds to stay under  8.83  after 30 days
 8.47 30 days 8.83  ABOUT 45.5%
Based on normal probability distribution, the odds of Bharat Immunologicals to stay under  8.83  after 30 days from now is about 45.5% (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  8.47  and  8.83  at the end of the 30-day period is about 15.38%.
Assuming 30 trading days horizon, Bharat Immunologicals Biologicals Corp Ltd has beta of -0.1178 . 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 The company has a negative alpha implying that the risk taken by holding this equity is not justified. Bharat Immunologicals is significantly underperforming DOW.
 Bharat Immunologicals Price Density 
      Price 
α
Alpha over DOW
=0.57
β
Beta against DOW=0.12
σ
Overall volatility
=0.88
Ir
Information ratio =0.13

Bharat Immunologicals Alerts and Suggestions

Bharat Immunologicals is not yet fully synchronised with the market data
Bharat Immunologicals has very high historical volatility over the last 30 days
The company reported revenue of 836.45M. Net Loss for the year was (55.57M) with profit before overhead, payroll, taxes, and interest of 103.65M.

Bharat ImmunologicalsPrice Density Drivers

Float Shares17.57M
Average Daily Volume Last 10 Day20.37k
Average Daily Volume In Three Month30.39k
Search macroaxis.com