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

BIMETAL -- India Stock  

INR 517.00  1.65  0.00%

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 Trending Equities.
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
 517.00 30 days 517.00  ABOUT 75.75%
Based on normal probability distribution, the odds of Bimetal Bearings to move above current price in 30 days from now is about 75.75% (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 0.0361 . 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
=0.03
β
Beta against DOW=0.0361
σ
Overall volatility
=9.65
Ir
Information ratio =0.013637

Bimetal Bearings Alerts

Bimetal Bearings Alerts and Suggestions

Bimetal Bearings is not yet fully synchronised with the market data
Bimetal Bearings generates negative expected return over the last 30 days

Price Density Drivers

Bimetal Bearings Health Indicators

Trailing Annual Dividend Rate9.00
Float Shares3.62M
Average Daily Volume Last 10 Day318
Average Daily Volume In Three Month337
Trailing Annual Dividend Yield1.69%
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