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Ortel Communications (India) Probability of Target Price Finishing Over Current Price

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ORTEL -- India Stock  

INR 0.52  0.01  1.89%

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 0.52 30 days 0.52 
about 62.86
Based on normal probability distribution, the odds of Ortel Communications to move above current price in 30 days from now is about 62.86 (This Ortel Communications Limited probability density function shows the probability of Ortel Communications Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Ortel Communications has beta of 0.0204 . This implies as returns on market go up, Ortel Communications average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Ortel Communications 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. Ortel Communications is significantly underperforming DOW.
 Ortel Communications Price Density 
    
  Price 
α
Alpha over DOW
=0.19
β
Beta against DOW=0.0204
σ
Overall volatility
=0.042966
Ir
Information ratio =0.08

Ortel Communications Alerts and Suggestions

Ortel Communications has some characteristics of a very speculative penny stock
Ortel Communications has high likelihood to experience some financial distress in the next 2 years
The company has accumulated 2.17 B in total debt. Ortel Communications has Current Ratio of 0.21 indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
The entity reported revenue of 1.5 B. Net Loss for the year was (1.18 B) with profit before overhead, payroll, taxes, and interest of 655.85 M.

Ortel CommunicationsPrice Density Drivers

Float Shares6.59M
Average Daily Volume In Three Month3.07k