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

MRF -- India Stock  

INR 66,791  868.45  1.32%

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 MRF Backtesting, MRF Valuation, MRF Correlation, MRF Hype Analysis, MRF Volatility, MRF History as well as MRF Performance.
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
 66,791 30 days 66,791  ABOUT 90.15%
Based on normal probability distribution, the odds of MRF to move above current price in 30 days from now is about 90.15% (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 Limited has beta of -0.606 indicating as returns on benchmark increase, returns on holding MRF are expected to decrease at a much smaller rate. During bear market, however, MRF Limited is likely to outperform the market. Additionally MRF Limited has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 MRF Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.53
β
Beta against DOW=0.61
σ
Overall volatility
=2,891
Ir
Information ratio =0.56

MRF Alerts

MRF Alerts and Suggestions

MRF Limited generates negative expected return over the last 30 days
MRF Limited has accumulated 7.73 Billion in debt which can lead to volatile earnings
On August 1, 2018 MRF paid 54.0 per share dividend to its current shareholders
Please see also MRF Backtesting, MRF Valuation, MRF Correlation, MRF Hype Analysis, MRF Volatility, MRF History as well as MRF Performance. Please also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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