BEML (India) Probability of Target Price Finishing Over Current Price

BEML -- India Stock  

INR 714.25  23.60  3.20%

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 714.25 30 days 714.25  ROUGHLY 96.0%
Based on normal probability distribution, the odds of BEML to move above current price in 30 days from now is roughly 96.0% (This BEML Limited probability density function shows the probability of BEML Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, BEML Limited has beta of -0.3181 . This suggests as returns on benchmark increase, returns on holding BEML are expected to decrease at a much smaller rate. During bear market, however, BEML Limited is likely to outperform the market. Additionally BEML Limited has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 BEML Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.62
β
Beta against DOW=0.32
σ
Overall volatility
=40.27
Ir
Information ratio =0.46

BEML Alerts

BEML Alerts and Suggestions

BEML Limited generates negative expected return over the last 30 days
On September 18, 2018 BEML paid 8.0 per share dividend to its current shareholders
Latest headline from simplywall.st: Is BEML Limiteds Balance Sheet Strong Enough To Weather A Storm
Check also BEML Backtesting, BEML Valuation, BEML Correlation, BEML Hype Analysis, BEML Volatility, BEML History as well as BEML Performance. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.
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