Lumax Industries (India) Probability of Target Price Finishing Over Current Price

LUMAXIND -- India Stock  

INR 2,078  3.10  0.15%

Lumax Industries probability of target price tool provides mechanism to make assumptions about upside and downside potential of Lumax Industries Limited performance during a given time horizon utilizing its historical volatility. Please specify Lumax Industries time horizon, a valid symbol (red box) and a target price (blue box) you would like Lumax Industries odds to be computed. Please see also Lumax Industries Backtesting, Lumax Industries Valuation, Lumax Industries Correlation, Lumax Industries Hype Analysis, Lumax Industries Volatility, Lumax Industries History as well as Lumax Industries Performance.
Horizon     30 Days    Login   to change
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Lumax Industries Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 2,078 30 days 2,078  ABOUT 52.61%
Based on normal probability distribution, the odds of Lumax Industries to move above current price in 30 days from now is about 52.61% (This Lumax Industries Limited probability density function shows the probability of Lumax Industries Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Lumax Industries has beta of 0.4675 indicating as returns on market go up, Lumax Industries average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Lumax Industries Limited will be expected to be much smaller as well. Additionally Lumax Industries Limited has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Lumax Industries Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.19
β
Beta against DOW=0.47
σ
Overall volatility
=68.68
Ir
Information ratio =0.12

Lumax Industries Alerts

Lumax Industries Alerts and Suggestions

Lumax Industries generates negative expected return over the last 30 days
The company has accumulated 1.04 B in total debt with debt to equity ratio (D/E) of 28.7 indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Lumax Industries Limited has Current Ratio of 0.68 indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.

Price Density Drivers

Lumax Industries Health Indicators

Trailing Annual Dividend Rate23.00
Float Shares2.31M
Average Daily Volume Last 10 Day910
Average Daily Volume In Three Month516
Trailing Annual Dividend Yield1.13%
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