Gujarat Probability of Target Price Finishing Over Current Price

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GUJHYSPIN -- India Stock  

INR 2.02  0.02  0.98%

Gujarat Hy probability of target price tool provides mechanism to make assumptions about upside and downside potential of Gujarat Hy Spin performance during a given time horizon utilizing its historical volatility.

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Please specify Gujarat Hy time horizon, a valid symbol (red box) and a target price (blue box) you would like Gujarat Hy odds to be computed. Please check Gujarat Hy Backtesting, Gujarat Hy Valuation, Gujarat Hy Correlation, Gujarat Hy Hype Analysis, Gujarat Hy Volatility, Gujarat Hy History as well as Gujarat Hy Performance.
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Gujarat Hy Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 2.02 30 days 2.02 
about 85.84
Based on normal probability distribution, the odds of Gujarat Hy to move above current price in 30 days from now is about 85.84 (This Gujarat Hy Spin probability density function shows the probability of Gujarat Hy Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Gujarat Hy Spin has beta of -0.3275 . This indicates as returns on benchmark increase, returns on holding Gujarat Hy are expected to decrease at a much smaller rate. During bear market, however, Gujarat Hy Spin is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Gujarat Hy Spin is significantly underperforming DOW.
 Gujarat Hy Price Density 
      Price 
α
Alpha over DOW
=-0.79
β
Beta against DOW=-0.33
σ
Overall volatility
=0.68
Ir
Information ratio =-0.15

Gujarat Hy Alerts and Suggestions

Gujarat Hy Spin generates negative expected return over the last 30 days
Gujarat Hy Spin has high historical volatility and very poor performance
Gujarat Hy Spin has high likelihood to experience some financial distress in the next 2 years
The company reported revenue of 573.6 M. Net Loss for the year was (1.3 M) with profit before overhead, payroll, taxes, and interest of 156.7 M.

Gujarat HyPrice Density Drivers

Float Shares3.68M
Average Daily Volume In Three Month15.71k
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