Consolidated Construction (India) Probability of Target Price Finishing Over Current Price

    CCCL -- India Stock  

    INR 3.04  0.05  1.67%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     3.04 30 days 3.04  NEAR 1%
    Based on normal probability distribution, the odds of Consolidated Construction to move above current price in 30 days from now is near 1% (This Consolidated Construction Consortium Limited probability density function shows the probability of Consolidated Construction Stock to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Consolidated Construction Consortium Limited has beta of -2.0177 . This suggests as returns on its benchmark rise, returns on holding Consolidated Construction Consortium Limited are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Consolidated Construction is expected to outperform its benchmark. In addition to that Consolidated Construction Consortium Limited has an alpha of 2.3649 implying that it can potentially generate 2.3649% excess return over DOW after adjusting for the inherited market risk (beta).
     Consolidated Construction Price Density 
          Price 
    α
    Alpha over DOW
    =2.36
    β
    Beta against DOW=2.02
    σ
    Overall volatility
    =0.28
    Ir
    Information ratio =0.22

    Consolidated Construction Alerts

    Consolidated Construction Alerts and Suggestions

    Consolidated Construction is not yet fully synchronised with the market data
    Consolidated Construction appears to be very risky and stock price may revert if volatility continues
    Consolidated Construction has high likelihood to experience some financial distress in the next 2 years
    The company has Current Ratio of 0.81 indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
    Consolidated Construction Consortium Limited reported revenue of 4.71 B. Net Loss for the year was (751.45 M) with profit before overhead, payroll, taxes, and interest of 1.01 B.

    Price Density Drivers

    Consolidated Construction Health Indicators

    Float Shares346.54M
    Average Daily Volume Last 10 Day25.25k
    Average Daily Volume In Three Month21.13k
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