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ALLAHABAD BANK (India) Probability of Target Price Finishing Over Current Price

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ALBK -- India Stock  

INR 15.35  0.25  1.66%

ALLAHABAD BANK probability of target price tool provides mechanism to make assumptions about upside and downside potential of ALLAHABAD BANK performance during a given time horizon utilizing its historical volatility. Please specify ALLAHABAD BANK time horizon, a valid symbol (red box) and a target price (blue box) you would like ALLAHABAD BANK odds to be computed. Please continue to Trending Equities.
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ALLAHABAD BANK Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 15.35 30 days 15.35 
over 95.89
Based on normal probability distribution, the odds of ALLAHABAD BANK to move above current price in 30 days from now is over 95.89 (This ALLAHABAD BANK probability density function shows the probability of ALLAHABAD BANK Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, ALLAHABAD BANK has beta of -0.0088 . This suggests as returns on benchmark increase, returns on holding ALLAHABAD BANK are expected to decrease at a much smaller rate. During bear market, however, ALLAHABAD BANK 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. ALLAHABAD BANK is significantly underperforming DOW.
 ALLAHABAD BANK Price Density 
    
  Price 
α
Alpha over DOW
=0.77
β
Beta against DOW=0.0088
σ
Overall volatility
=2.82
Ir
Information ratio =0.4

ALLAHABAD BANK Alerts and Suggestions

ALLAHABAD BANK is not yet fully synchronised with the market data
ALLAHABAD BANK generates negative expected return over the last 30 days
ALLAHABAD BANK has high likelihood to experience some financial distress in the next 2 years
Net Loss for the year was (79.16 B) with loss before overhead, payroll, taxes, and interest of (35.08 B).
ALLAHABAD BANK has accumulated about 98.6 B in cash with (109.43 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 26.48 which can makes it an attractive takeover target, given it will continue generating positive cash flow.

ALLAHABAD BANKPrice Density Drivers

Trailing Annual Dividend Rate1.63
Float Shares192.94M
Average Daily Volume Last 10 Day1.3M
Average Daily Volume In Three Month1.79M
Trailing Annual Dividend Yield10.62%