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

INDUSINDBK -- India Stock  

INR 1,542  45.35  3.03%

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 IndusInd Bank Backtesting, IndusInd Bank Valuation, IndusInd Bank Correlation, IndusInd Bank Hype Analysis, IndusInd Bank Volatility, IndusInd Bank History as well as IndusInd Bank Performance.
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
 1,542 30 days 1,542  ABOUT 53.99%
Based on normal probability distribution, the odds of IndusInd Bank to move above current price in 30 days from now is about 53.99% (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 -0.1159 . 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
=0.03
β
Beta against DOW=0.12
σ
Overall volatility
=64.15
Ir
Information ratio =0.06

IndusInd Bank Alerts

IndusInd Bank Alerts and Suggestions

IndusInd Bank generates negative expected return over the last 30 days
INDUSINDBK.BO has accumulated about 91.7B in cash with (457.67B) 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 Shares474.29M
Average Daily Volume Last 10 Day90.38k
Average Daily Volume In Three Month109.97k
Trailing Annual Dividend Yield0.47%
Please also check IndusInd Bank Backtesting, IndusInd Bank Valuation, IndusInd Bank Correlation, IndusInd Bank Hype Analysis, IndusInd Bank Volatility, IndusInd Bank History as well as IndusInd Bank Performance. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.
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