NOVARTIS Probability of Target Price Finishing Over Current Price

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NOVARTIND -- India Stock  

INR 587.90  5.20  0.89%

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

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 587.90 30 days 587.90 
about 35.12
Based on normal probability distribution, the odds of NOVARTIS INDIA to move above current price in 30 days from now is about 35.12 (This NOVARTIS INDIA LTD probability density function shows the probability of NOVARTIS INDIA Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, NOVARTIS INDIA LTD has beta of -0.0337 indicating as returns on benchmark increase, returns on holding NOVARTIS INDIA are expected to decrease at a much smaller rate. During bear market, however, NOVARTIS INDIA 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. NOVARTIS INDIA LTD is significantly underperforming DOW.
 NOVARTIS INDIA Price Density 
Alpha over DOW
Beta against DOW=-0.03
Overall volatility
Information ratio =-0.06

NOVARTIS INDIA Alerts and Suggestions

NOVARTIS INDIA LTD has very high historical volatility over the last 30 days
N/A has accumulated about 6.49 B in cash with (283.4 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 262.92.

NOVARTIS INDIAPrice Density Drivers

Trailing Annual Dividend Rate10.00
Float Shares6.29M
Average Daily Volume Last 10 Day6.52k
Average Daily Volume In Three Month13.51k
Trailing Annual Dividend Yield1.80%
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