| 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
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Horizon
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30 Days
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PENNAR ALUMINIUM Target Price Odds to finish over
| Current Price | Horizon | Target Price | Odds 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 |
α | Alpha over DOW | = | 0.12 | |
β | Beta against DOW | = | 0.02 | |
σ | Overall volatility | = | 0.07 | |
Ir | Information ratio | = | 0.26 | |
PENNAR ALUMINIUM Technical Analysis
PENNAR ALUMINIUM Predictive Forecast Models
| 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). |
| Average Daily Volume Last 10 Day | 3.33k |
| Average Daily Volume In Three Month | 3.33k |