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

MRF -- India Stock  

INR 56,511  0.00  0.00%

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
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MRF Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 56,511 30 days 56,511 
ABOUT 27.28%
Based on normal probability distribution, the odds of MRF to move above current price in 30 days from now is about 27.28% (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 -0.2592 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 The company has a negative alpha implying that the risk taken by holding this equity is not justified. MRF Limited is significantly underperforming DOW.
 MRF Price Density 
      Price 
α
Alpha over DOW
=0.02
β
Beta against DOW=0.26
σ
Overall volatility
=1,660
Ir
Information ratio =0.15

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

MRFPrice Density Drivers

Trailing Annual Dividend Rate60.00
Float Shares2.55M
Average Daily Volume Last 10 Day5.95k
Average Daily Volume In Three Month6.36k
Trailing Annual Dividend Yield0.11%
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