NMDC Probability of Target Price Finishing Over Current Price

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NMDC -- India Stock  

INR 81.20  4.10  4.81%

NMDC probability of target price tool provides mechanism to make assumptions about upside and downside potential of NMDC LTD performance during a given time horizon utilizing its historical volatility.

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Please specify NMDC time horizon, a valid symbol (red box) and a target price (blue box) you would like NMDC odds to be computed. Additionally, see NMDC Backtesting, NMDC Valuation, NMDC Correlation, NMDC Hype Analysis, NMDC Volatility, NMDC History as well as NMDC Performance.
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NMDC Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 81.20 30 days 81.20 
about 56.19
Based on normal probability distribution, the odds of NMDC to move above current price in 30 days from now is about 56.19 (This NMDC LTD probability density function shows the probability of NMDC Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, NMDC LTD has beta of -0.1762 indicating as returns on benchmark increase, returns on holding NMDC are expected to decrease at a much smaller rate. During bear market, however, NMDC LTD is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. NMDC LTD is significantly underperforming DOW.
 NMDC Price Density 
      Price 
α
Alpha over DOW
=-0.42
β
Beta against DOW=-0.18
σ
Overall volatility
=15.54
Ir
Information ratio =-0.09

NMDC Alerts and Suggestions

NMDC LTD has very high historical volatility over the last 30 days
About 70.0% of the company outstanding shares are owned by corporate insiders

NMDCPrice Density Drivers

Trailing Annual Dividend Rate5.52
Float Shares927.23M
Average Daily Volume Last 10 Day167.15k
Average Daily Volume In Three Month359.41k
Trailing Annual Dividend Yield7.44%
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