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

MRF -- India Stock  

INR 67,783  1,999  2.86%

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
 67,783 30 days 67,783  ABOUT 98.0%
Based on normal probability distribution, the odds of MRF to move above current price in 30 days from now is about 98.0% (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 0.8454 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 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
=0.6
β
Beta against DOW=0.85
σ
Overall volatility
=2,251
Ir
Information ratio =0.51

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 Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.
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