Agro Tech (India) Probability of Target Price Finishing Over Current Price

    ATFL -- India Stock  

    INR 569.25  21.15  3.58%

    Agro Tech probability of target price tool provides mechanism to make assumptions about upside and downside potential of Agro Tech Foods Limited performance during a given time horizon utilizing its historical volatility. Please specify Agro Tech time horizon, a valid symbol (red box) and a target price (blue box) you would like Agro Tech odds to be computed. Check also Trending Equities.
    Horizon     30 Days    Login   to change
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    Agro Tech Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     569.25 30 days 569.25  ABOUT 31.02%
    Based on normal probability distribution, the odds of Agro Tech to move above current price in 30 days from now is about 31.02% (This Agro Tech Foods Limited probability density function shows the probability of Agro Tech Stock to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Agro Tech has beta of 0.0414 . This suggests as returns on market go up, Agro Tech average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Agro Tech Foods Limited will be expected to be much smaller as well. Additionally Agro Tech Foods Limited has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     Agro Tech Price Density 
          Price 
    α
    Alpha over DOW
    =0.13
    β
    Beta against DOW=0.0414
    σ
    Overall volatility
    =318.54
    Ir
    Information ratio =0.1

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