|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 2.66 ||30 days|| 2.66 || NEAR 1%|
Based on normal probability distribution, the odds of Nitin Fire to move above current price in 30 days from now is near 1% (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 Protection Industries Limited has beta of -0.4955 indicating as returns on benchmark increase, returns on holding Nitin Fire are expected to decrease at a much smaller rate. During bear market, however, Nitin Fire Protection Industries Limited is likely to outperform the market. Additionally Nitin Fire Protection Industries Limited has an alpha of 0.7941 implying that it can potentially generate 0.7941% excess return over DOW after adjusting for the inherited market risk (beta).