Prime Industries (India) Probability of Target Price Finishing Over Current Price

    PRIMIND -- India Stock  

    INR 1.14  0.00  0.00%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     1.14 30 days 1.14  ABOUT 70.61%
    Based on normal probability distribution, the odds of Prime Industries to move above current price in 30 days from now is about 70.61% (This Prime Industries Ltd probability density function shows the probability of Prime Industries Stock to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Prime Industries has beta of 0.1713 . This implies as returns on market go up, Prime Industries average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Prime Industries Ltd 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. Prime Industries is significantly underperforming DOW.
     Prime Industries Price Density 
          Price 
    α
    Alpha over DOW
    =0.23
    β
    Beta against DOW=0.17
    σ
    Overall volatility
    =0.040248
    Ir
    Information ratio =0.3

    Prime Industries Alerts

    Prime Industries Alerts and Suggestions

    Prime Industries is not yet fully synchronised with the market data
    Prime Industries may become a speculative penny stock
    Prime Industries has high likelihood to experience some financial distress in the next 2 years
    Prime Industries has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations
    The company has accumulated 159.99M in total debt with debt to equity ratio (D/E) of 198.4 indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Prime Industries has Current Ratio of 0.85 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 9.08M. Net Loss for the year was (190K) with profit before overhead, payroll, taxes, and interest of 11.46M.
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