IndusInd Bank (India) Probability of Target Price Finishing Over Current Price

INDUSINDBK -- India Stock  

INR 1,493  90.60  6.46%

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 1,493 30 days 1,493  ABOUT 88.1%
Based on normal probability distribution, the odds of IndusInd Bank to move above current price in 30 days from now is about 88.1% (This IndusInd Bank Limited probability density function shows the probability of IndusInd Bank Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, IndusInd Bank Limited has beta of -0.3396 . This indicates as returns on benchmark increase, returns on holding IndusInd Bank are expected to decrease at a much smaller rate. During bear market, however, IndusInd Bank Limited 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. IndusInd Bank Limited is significantly underperforming DOW.
 IndusInd Bank Price Density 
      Price 
α
Alpha over DOW
=0.03
β
Beta against DOW=0.34
σ
Overall volatility
=124.71
Ir
Information ratio =0.01

IndusInd Bank Alerts and Suggestions

IndusInd Bank is not yet fully synchronised with the market data
IndusInd Bank generates negative expected return over the last 30 days
IndusInd Bank has high historical volatility and very poor performance
INDUSINDBK.BO has accumulated about 46.3B in cash with (457.67B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 77.14.

IndusInd BankPrice Density Drivers

Trailing Annual Dividend Rate7.50
Float Shares474.41M
Average Daily Volume Last 10 Day60.96k
Average Daily Volume In Three Month131.49k
Trailing Annual Dividend Yield0.44%
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