|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 26.30 ||30 days|| 26.30 || NEAR 1%|
Based on normal probability distribution, the odds of NHPC to move above current price in 30 days from now is near 1% (This NHPC Limited probability density function shows the probability of NHPC Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, NHPC Limited has beta of -0.1488 indicating as returns on benchmark increase, returns on holding NHPC are expected to decrease at a much smaller rate. During bear market, however, NHPC Limited is likely to outperform the market. Additionally NHPC Limited has an alpha of 0.6316 implying that it can potentially generate 0.6316% excess return over DOW after adjusting for the inherited market risk (beta).