MRF (India) Probability of Target Price Finishing Over Current Price

MRF -- India Stock  

INR 66,112  203.50  0.31%

MRF probability of target price tool provides mechanism to make assumptions about upside and downside potential of MRF Limited performance during a given time horizon utilizing its historical volatility. Please specify MRF time horizon, a valid symbol (red box) and a target price (blue box) you would like MRF odds to be computed. Please see also Stocks Correlation.
Horizon     30 Days    Login   to change
Symbol:
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MRF Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 66,112 30 days 66,112  ABOUT 6.14%
Based on normal probability distribution, the odds of MRF to move above current price in 30 days from now is about 6.14% (This MRF Limited probability density function shows the probability of MRF Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, MRF has beta of 0.2246 indicating as returns on market go up, MRF average returns are expected to increase less than the benchmark. However during bear market, the loss on holding MRF Limited will be expected to be much smaller as well. Additionally MRF Limited has an alpha of 0.2976 implying that it can potentially generate 0.2976% excess return over DOW after adjusting for the inherited market risk (beta).
 MRF Price Density 
      Price 
α
Alpha over DOW
=0.30
β
Beta against DOW=0.22
σ
Overall volatility
=1,515
Ir
Information ratio =0.23

MRF Alerts

MRF Alerts and Suggestions

MRF Limited is not yet fully synchronised with the market data
MRF Limited has accumulated 7.73 Billion in debt which can lead to volatile earnings
Latest headline from thestockanalysis.com: Global Cricket Gloves Market Expected to Deliver Dynamic Progression until 2022

Price Density Drivers

MRF Health Indicators

Trailing Annual Dividend Rate60.00
Float Shares2.56M
Average Daily Volume Last 10 Day359
Average Daily Volume In Three Month594
Trailing Annual Dividend Yield0.09%
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