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

BIBCL -- India Stock  

INR 6.91  0.24  3.60%

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.
Horizon     30 Days    Login   to change
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Bharat Immunologicals Target Price Odds to finish below 8.83

Current PriceHorizonTarget PriceOdds to stay under  8.83  after 30 days
 6.91 30 days 8.83  UNDER 95%
Based on normal probability distribution, the odds of Bharat Immunologicals to stay under  8.83  after 30 days from now is under 95% (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  6.91  and  8.83  at the end of the 30-day period is about 89.66%.
Assuming 30 trading days horizon, Bharat Immunologicals has beta of 0.0603 . This suggests as returns on market go up, Bharat Immunologicals average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Bharat Immunologicals Biologicals Corp Ltd will be expected to be much smaller as well. 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
=0.58
β
Beta against DOW=0.06
σ
Overall volatility
=0.59
Ir
Information ratio =0.18

Bharat Immunologicals Alerts and Suggestions

Bharat Immunologicals generates negative expected return over the last 30 days
Bharat Immunologicals has high historical volatility and very poor performance
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.
Latest headline from www.digitaljournal.com: Pediatric Vaccines 2019 Market Highlights by New Innovations, Leading Growth Drivers, Emerging Technology, Latest Trends Forecast to 2023 - Press Release - Digital Journal

Bharat ImmunologicalsPrice Density Drivers

Float Shares17.57M
Average Daily Volume Last 10 Day27.85k
Average Daily Volume In Three Month24.82k
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