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

MRF -- India Stock  

INR 65,785  37.25  0.06%

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
 65,785 30 days 65,785  ABOUT 15.68%
Based on normal probability distribution, the odds of MRF to move above current price in 30 days from now is about 15.68% (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 -0.1523 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 an alpha of 0.1446 implying that it can potentially generate 0.1446% excess return over DOW after adjusting for the inherited market risk (beta).
 MRF Price Density 
      Price 
α
Alpha over DOW
=0.14
β
Beta against DOW=0.15
σ
Overall volatility
=1,602
Ir
Information ratio =0.24

MRF Alerts

MRF Alerts and Suggestions

MRF Limited has accumulated 7.73 Billion in debt which can lead to volatile earnings
Latest headline from thestockanalysis.com: Global OTR Tires Market 2018 Development Factors To Improve Industry Till 2023

Price Density Drivers

MRF Health Indicators

Trailing Annual Dividend Rate60.00
Float Shares2.56M
Average Daily Volume Last 10 Day4.33k
Average Daily Volume In Three Month7.11k
Trailing Annual Dividend Yield0.09%
Please see also MRF Backtesting, MRF Valuation, MRF Correlation, MRF Hype Analysis, MRF Volatility, MRF History as well as MRF Performance. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.
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