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

NHPC -- India Stock  

INR 23.60  0.20  0.84%

NHPC probability of target price tool provides mechanism to make assumptions about upside and downside potential of NHPC Limited performance during a given time horizon utilizing its historical volatility. Please specify NHPC time horizon, a valid symbol (red box) and a target price (blue box) you would like NHPC odds to be computed. Please see also NHPC Backtesting, NHPC Valuation, NHPC Correlation, NHPC Hype Analysis, NHPC Volatility, NHPC History as well as NHPC Performance.
Horizon     30 Days    Login   to change
Symbol:
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NHPC Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 23.60 30 days 23.60  OVER 95.57%
Based on normal probability distribution, the odds of NHPC to move above current price in 30 days from now is over 95.57% (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 has beta of 0.025 indicating as returns on market go up, NHPC average returns are expected to increase less than the benchmark. However during bear market, the loss on holding NHPC Limited will be expected to be much smaller as well. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. NHPC Limited is significantly underperforming DOW.
 NHPC Price Density 
      Price 
α
Alpha over DOW
=0.23
β
Beta against DOW=0.025
σ
Overall volatility
=0.94
Ir
Information ratio =0.23

NHPC Alerts

NHPC Alerts and Suggestions

NHPC Limited generates negative expected return over the last 30 days
The company has 209.33 Billion in debt which may indicate that it relies heavily on debt financing

Price Density Drivers

NHPC Health Indicators

Trailing Annual Dividend Rate1.40
Float Shares2.69B
Average Daily Volume Last 10 Day428.87k
Average Daily Volume In Three Month329.2k
Trailing Annual Dividend Yield5.89%
Please see also NHPC Backtesting, NHPC Valuation, NHPC Correlation, NHPC Hype Analysis, NHPC Volatility, NHPC History as well as NHPC Performance. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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