PENNAR ALUMINIUM (India) Probability of Target Price Finishing Over Current Price

PENNARALUM -- India Stock  

INR 0.19  0.00  0.00%

PENNAR ALUMINIUM probability of target price tool provides mechanism to make assumptions about upside and downside potential of PENNAR ALUMINIUM LTD performance during a given time horizon utilizing its historical volatility. Please specify PENNAR ALUMINIUM time horizon, a valid symbol (red box) and a target price (blue box) you would like PENNAR ALUMINIUM odds to be computed. Additionally take a look at Your Equity Center.
Horizon     30 Days    Login   to change
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PENNAR ALUMINIUM Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 0.19 30 days 0.19  ABOUT 36.55%
Based on normal probability distribution, the odds of PENNAR ALUMINIUM to move above current price in 30 days from now is about 36.55% (This PENNAR ALUMINIUM LTD probability density function shows the probability of PENNAR ALUMINIUM Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, PENNAR ALUMINIUM LTD has beta of -0.0156 . This implies as returns on benchmark increase, returns on holding PENNAR ALUMINIUM are expected to decrease at a much smaller rate. During bear market, however, PENNAR ALUMINIUM 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. PENNAR ALUMINIUM LTD is significantly underperforming DOW.
 PENNAR ALUMINIUM Price Density 
      Price 
α
Alpha over DOW
=0.12
β
Beta against DOW=0.02
σ
Overall volatility
=0.07
Ir
Information ratio =0.26

PENNAR ALUMINIUM Alerts

PENNAR ALUMINIUM Alerts and Suggestions

PENNAR ALUMINIUM LTD is not yet fully synchronised with the market data
PENNAR ALUMINIUM LTD has some characteristics of a very speculative penny stock
PENNAR ALUMINIUM LTD has high likelihood to experience some financial distress in the next 2 years
The company reported revenue of . Net Loss for the year was (1.56M).

Price Density Drivers

PENNAR ALUMINIUM Health Indicators

Average Daily Volume Last 10 Day3.33k
Average Daily Volume In Three Month3.33k
Additionally take a look at Your Equity Center. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.
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