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LAGNAM SPINTEX (India) Probability of Target Price Finishing Over Current Price

LAG
LAGNAM-SM -- India Stock  

INR 11.55  0.00  0.00%

LAGNAM SPINTEX probability of target price tool provides mechanism to make assumptions about upside and downside potential of LAGNAM SPINTEX LTD performance during a given time horizon utilizing its historical volatility. Please specify LAGNAM SPINTEX time horizon, a valid symbol (red box) and a target price (blue box) you would like LAGNAM SPINTEX odds to be computed. Additionally see Stocks Correlation.
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LAGNAM SPINTEX Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 11.55 30 days 11.55 
about 1.4
Based on normal probability distribution, the odds of LAGNAM SPINTEX to move above current price in 30 days from now is about 1.4 (This LAGNAM SPINTEX LTD probability density function shows the probability of LAGNAM SPINTEX Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, LAGNAM SPINTEX LTD has beta of -0.1072 indicating as returns on benchmark increase, returns on holding LAGNAM SPINTEX are expected to decrease at a much smaller rate. During bear market, however, LAGNAM SPINTEX LTD is likely to outperform the market. Additionally The company has an alpha of 0.3126 implying that it can potentially generate 0.3126% excess return over DOW after adjusting for the inherited market risk (beta).
 LAGNAM SPINTEX Price Density 
    
  Price 
α
Alpha over DOW
=0.31
β
Beta against DOW=0.11
σ
Overall volatility
=0.43
Ir
Information ratio =0.05

LAGNAM SPINTEX Alerts and Suggestions

LAGNAM SPINTEX LTD is not yet fully synchronised with the market data