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

MRF -- India Stock  

INR 65,884  174.80  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 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:
Refresh Odds

MRF Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 65,884 30 days 65,884  ABOUT 80.41%
Based on normal probability distribution, the odds of MRF to move above current price in 30 days from now is about 80.41% (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 0.1871 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 The company has an alpha of 0.0319 implying that it can potentially generate 0.0319% excess return over DOW after adjusting for the inherited market risk (beta).
 MRF Price Density 
      Price 
α
Alpha over DOW
=0.031945
β
Beta against DOW=0.19
σ
Overall volatility
=980.81
Ir
Information ratio =0.07

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
Latest headline from www.ollanewsjournal.com: Can MRF Limited Move Higher Trends Indicate Positive Movement - Olla Journal

Price Density Drivers

MRF Health Indicators

Trailing Annual Dividend Rate60.00
Float Shares2.56M
Average Daily Volume Last 10 Day4.76k
Average Daily Volume In Three Month5.75k
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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Search macroaxis.com