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 27.73%
    Based on normal probability distribution, the odds of PENNAR ALUMINIUM to move above current price in 30 days from now is about 27.73% (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 has beta of 0.1922 . This implies as returns on market go up, PENNAR ALUMINIUM average returns are expected to increase less than the benchmark. However during bear market, the loss on holding PENNAR ALUMINIUM LTD will be expected to be much smaller as well. Additionally PENNAR ALUMINIUM LTD has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     PENNAR ALUMINIUM Price Density 
          Price 
    α
    Alpha over DOW
    =0.22
    β
    Beta against DOW=0.19
    σ
    Overall volatility
    =0.09
    Ir
    Information ratio =0.15

    PENNAR ALUMINIUM Alerts

    PENNAR ALUMINIUM Alerts and Suggestions

    PENNAR ALUMINIUM LTD is not yet fully synchronised with the market data
    PENNAR ALUMINIUM LTD generates negative expected return over the last 30 days
    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 (1.56 M).

    Price Density Drivers

    PENNAR ALUMINIUM Health Indicators

    Average Daily Volume Last 10 Day3.33k
    Average Daily Volume In Three Month3.33k
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