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

INDUSINDBK -- India Stock  

INR 1,476  23.50  1.57%

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
 1,476 30 days 1,476  ABOUT 80.47%
Based on normal probability distribution, the odds of IndusInd Bank to move above current price in 30 days from now is about 80.47% (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 -0.0494 . 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 IndusInd Bank Limited has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 IndusInd Bank Price Density 
      Price 
α
Alpha over DOW
=0.53
β
Beta against DOW=0.05
σ
Overall volatility
=93.41
Ir
Information ratio =0.18

IndusInd Bank Alerts

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 91.7 B in cash with (457.67 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 152.78.

Price Density Drivers

IndusInd Bank Health Indicators

Trailing Annual Dividend Rate7.50
Float Shares475M
Average Daily Volume Last 10 Day95.81k
Average Daily Volume In Three Month51.68k
Trailing Annual Dividend Yield0.47%
Please also check Risk vs Return Analysis. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.
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