Bimetal Bearings (India) Probability of Target Price Finishing Over Current Price

BIMETAL -- India Stock  

INR 385.10  2.10  0.55%

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 385.10 30 days 385.10  ROUGHLY 96.0%
Based on normal probability distribution, the odds of Bimetal Bearings to move above current price in 30 days from now is roughly 96.0% (This Bimetal Bearings Limited probability density function shows the probability of Bimetal Bearings Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Bimetal Bearings has beta of 0.4075 . This suggests as returns on market go up, Bimetal Bearings average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Bimetal Bearings Limited will be expected to be much smaller as well. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Bimetal Bearings is significantly underperforming DOW.
 Bimetal Bearings Price Density 
      Price 
α
Alpha over DOW
=0.53
β
Beta against DOW=0.41
σ
Overall volatility
=30.58
Ir
Information ratio =0.21

Bimetal Bearings Alerts and Suggestions

Bimetal Bearings generates negative expected return over the last 30 days
Bimetal Bearings has high historical volatility and very poor performance
On July 16, 2019 Bimetal Bearings paid 10.0 per share dividend to its current shareholders

Bimetal BearingsPrice Density Drivers

Trailing Annual Dividend Rate9.00
Float Shares1.75M
Average Daily Volume Last 10 Day460
Average Daily Volume In Three Month314
Trailing Annual Dividend Yield2.09%
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