BIRLA Probability of Target Price Finishing Over Current Price

BP
522105 -- India Stock  

INR 4.87  1.65  25.31%

BIRLA PRECISION probability of target price tool provides mechanism to make assumptions about upside and downside potential of BIRLA PRECISION TECHNOLOGIES performance during a given time horizon utilizing its historical volatility.

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BIRLA PRECISION Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above the current price in 30 days
 4.87 30 days 4.87 
about 67.07
Based on a normal probability distribution, the odds of BIRLA PRECISION to move above the current price in 30 days from now is about 67.07 (This BIRLA PRECISION TECHNOLOGIES probability density function shows the probability of BIRLA PRECISION Stock to fall within a particular range of prices over 30 days) .
Assuming the 30 trading days horizon, BIRLA PRECISION TECHNOLOGIES has a beta of -0.0641. This suggests as returns on benchmark increase, returns on holding BIRLA PRECISION are expected to decrease at a much lower rate. During the bear market, however, BIRLA PRECISION TECHNOLOGIES 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. BIRLA PRECISION TECH is significantly underperforming DOW.
 BIRLA PRECISION Price Density 
      Price 
α
Alpha over DOW
=-2.62
β
Beta against DOW=-0.06
σ
Overall volatility
=0.86
Ir
Information ratio =-0.18

BIRLA PRECISION Alerts and Suggestions

BIRLA PRECISION TECH is not yet fully synchronised with the market data
BIRLA PRECISION TECH appears to be very risky and stock price may revert if volatility continues

BIRLA PRECISIONPrice Density Drivers

Average Daily Volume Last 10 Day10.41k
Average Daily Volume In Three Month10.41k
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