MODERN Probability of Target Price Finishing Over Current Price

<div class='circular--portrait' style='background:#347AFC;color: #ffffff;font-size:4em;padding-top: 25px;;'>MI</div>
MODERN -- India Stock  

INR 38.00  0.00  0.00%

MODERN INDIA probability of target price tool provides mechanism to make assumptions about upside and downside potential of MODERN INDIA LTD performance during a given time horizon utilizing its historical volatility.

Search Price Probability

 
Refresh
Please specify MODERN INDIA time horizon, a valid symbol (red box) and a target price (blue box) you would like MODERN INDIA odds to be computed. Additionally, see Stocks Correlation.
Apply Odds

MODERN INDIA Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 38.00 30 days 38.00 
about 82.09
Based on normal probability distribution, the odds of MODERN INDIA to move above current price in 30 days from now is about 82.09 (This MODERN INDIA LTD probability density function shows the probability of MODERN INDIA Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, MODERN INDIA has beta of 0.1898 indicating as returns on market go up, MODERN INDIA average returns are expected to increase less than the benchmark. However during bear market, the loss on holding MODERN INDIA LTD will be expected to be much smaller as well. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. MODERN INDIA LTD is significantly underperforming DOW.
 MODERN INDIA Price Density 
      Price 
α
Alpha over DOW
=-0.82
β
Beta against DOW=0.19
σ
Overall volatility
=24.77
Ir
Information ratio =-0.14

MODERN INDIA Alerts and Suggestions

MODERN INDIA LTD is not yet fully synchronised with the market data
MODERN INDIA LTD generates negative expected return over the last 30 days
MODERN INDIA LTD has high historical volatility and very poor performance
The company reported revenue of 2.06 B. Net Loss for the year was (41.06 M) with profit before overhead, payroll, taxes, and interest of 291.91 M.

MODERN INDIAPrice Density Drivers

Trailing Annual Dividend Rate0.24
Float Shares7.6M
Average Daily Volume Last 10 Day43
Average Daily Volume In Three Month991
Trailing Annual Dividend Yield0.60%
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page