Nitin Fire (India) Probability of Target Price Finishing Over Current Price

NITINFIRE -- India Stock  

INR 2.75  0.03  1.10%

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

Nitin Fire Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 2.75 30 days 2.75  ABOUT 92.8%
Based on normal probability distribution, the odds of Nitin Fire to move above current price in 30 days from now is about 92.8% (This Nitin Fire Protection Industries Limited probability density function shows the probability of Nitin Fire Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Nitin Fire has beta of 0.379 indicating as returns on market go up, Nitin Fire average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Nitin Fire Protection Industries Limited will be expected to be much smaller as well. Additionally Nitin Fire Protection Industries Limited has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Nitin Fire Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.86
β
Beta against DOW=0.38
σ
Overall volatility
=0.25
Ir
Information ratio =0.26

Nitin Fire Alerts

Nitin Fire Alerts and Suggestions

Nitin Fire generates negative expected return over the last 30 days
Nitin Fire has high historical volatility and very poor performance
Nitin Fire has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations
The company has accumulated 4.51 B in total debt with debt to equity ratio (D/E) of 81.3 indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Nitin Fire Protection Industries Limited has Current Ratio of 0.84 indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
This company reported revenue of 8.88 B. Net Loss for the year was (1.67 B) with profit before overhead, payroll, taxes, and interest of 3.46 B.
Latest headline from www.outlookindia.com: Intraday reports for Nitin Fire Protection Industries Ltd. Stock Share Prices - August 29, 2018
Please see also Nitin Fire Backtesting, Nitin Fire Valuation, Nitin Fire Correlation, Nitin Fire Hype Analysis, Nitin Fire Volatility, Nitin Fire History as well as Nitin Fire Performance. Please also try Cryptocurrency Arbitrage module to find pairs of digital assets on multiple exchanges that are traded at a risk free arbitrage.
Search macroaxis.com