PAGE INDUSTRIES (India) Probability of Target Price Finishing Above 21497.75

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PAGEIND -- India Stock  

INR 25,483  1,762  7.43%

PAGE INDUSTRIES probability of target price tool provides mechanism to make assumptions about upside and downside potential of PAGE INDUSTRIES LTD performance during a given time horizon utilizing its historical volatility. Please specify PAGE INDUSTRIES time horizon, a valid symbol (red box) and a target price (blue box) you would like PAGE INDUSTRIES odds to be computed. Please also check PAGE INDUSTRIES Backtesting, PAGE INDUSTRIES Valuation, PAGE INDUSTRIES Correlation, PAGE INDUSTRIES Hype Analysis, PAGE INDUSTRIES Volatility, PAGE INDUSTRIES History as well as PAGE INDUSTRIES Performance.
Horizon     30 Days    Login   to change
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PAGE INDUSTRIES Target Price Odds to finish below 21497.75

Current PriceHorizonTarget PriceOdds to drop to  21,498  or more in 30 days
 25,483 30 days 21,498 
about 12.38
Based on normal probability distribution, the odds of PAGE INDUSTRIES to drop to  21,498  or more in 30 days from now is about 12.38 (This PAGE INDUSTRIES LTD probability density function shows the probability of PAGE INDUSTRIES Stock to fall within a particular range of prices over 30 days) . Probability of PAGE INDUSTRIES LTD price to stay between  21,498  and its current price of 25482.9 at the end of the 30-day period is about 87.37 .
Assuming 30 trading days horizon, PAGE INDUSTRIES has beta of 0.3689 . This implies as returns on market go up, PAGE INDUSTRIES average returns are expected to increase less than the benchmark. However during bear market, the loss on holding PAGE INDUSTRIES LTD will be expected to be much smaller as well. Additionally The company has an alpha of 0.0527 implying that it can potentially generate 0.0527% excess return over DOW after adjusting for the inherited market risk (beta).
 PAGE INDUSTRIES Price Density 
    
  Price 
α
Alpha over DOW
=0.05
β
Beta against DOW=0.37
σ
Overall volatility
=944.17
Ir
Information ratio =0.02

PAGE INDUSTRIESPrice Density Drivers

Trailing Annual Dividend Rate185.00
Float Shares4.59M
Average Daily Volume Last 10 Day3.52k
Average Daily Volume In Three Month1.43k
Trailing Annual Dividend Yield0.73%