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

BIMETAL -- India Stock  

INR 565.00  20.90  3.57%

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
 565.00 30 days 565.00  ABOUT 80.91%
Based on normal probability distribution, the odds of Bimetal Bearings to move above current price in 30 days from now is about 80.91% (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 Limited has beta of -0.5046 . This suggests as returns on benchmark increase, returns on holding Bimetal Bearings are expected to decrease at a much smaller rate. During bear market, however, Bimetal Bearings Limited is likely to outperform the market. Additionally Bimetal Bearings Limited has an alpha of 0.1213 implying that it can potentially generate 0.1213% excess return over DOW after adjusting for the inherited market risk (beta).
 Bimetal Bearings Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.12
β
Beta against DOW=0.5
σ
Overall volatility
=8.87
Ir
Information ratio =0.07

Bimetal Bearings Alerts

Bimetal Bearings Alerts and Suggestions

Bimetal Bearings generates negative expected return over the last 30 days
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. Please also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.
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