Raj Rayon (India) Probability of Target Price Finishing Over Current Price

RAJRAYON -- India Stock  

INR 0.19  0.00  0.00%

Raj Rayon probability of target price tool provides mechanism to make assumptions about upside and downside potential of Raj Rayon Industries Limited performance during a given time horizon utilizing its historical volatility. Please specify Raj Rayon time horizon, a valid symbol (red box) and a target price (blue box) you would like Raj Rayon odds to be computed. Additionally take a look at Raj Rayon Backtesting, Raj Rayon Valuation, Raj Rayon Correlation, Raj Rayon Hype Analysis, Raj Rayon Volatility, Raj Rayon History as well as Raj Rayon Performance.
Horizon     30 Days    Login   to change
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Raj Rayon Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 0.19 30 days 0.19  ABOUT 58.45%
Based on normal probability distribution, the odds of Raj Rayon to move above current price in 30 days from now is about 58.45% (This Raj Rayon Industries Limited probability density function shows the probability of Raj Rayon Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Raj Rayon Industries Limited has beta of -0.7501 . This implies as returns on benchmark increase, returns on holding Raj Rayon are expected to decrease at a much smaller rate. During bear market, however, Raj Rayon Industries Limited is likely to outperform the market. Additionally Raj Rayon Industries Limited has an alpha of 0.0709 implying that it can potentially generate 0.0709% excess return over DOW after adjusting for the inherited market risk (beta).
 Raj Rayon Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.07
β
Beta against DOW=0.75
σ
Overall volatility
=0.002132
Ir
Information ratio =0.06

Raj Rayon Alerts

Raj Rayon Alerts and Suggestions

Raj Rayon Industries generates negative expected return over the last 30 days
Raj Rayon Industries has some characteristics of a very speculative penny stock
Raj Rayon Industries has high likelihood to experience some financial distress in the next 2 years
The company has accumulated 1.25 B in total debt. Raj Rayon Industries Limited has Current Ratio of 0.05 indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
This company reported revenue of 762.7 M. Net Loss for the year was (527.36 M) with profit before overhead, payroll, taxes, and interest of 62.73 M.
Latest headline from brookvilletimes.com: Watching the Tape Move 33.33 percent for Raj Rayon Industries Limited
Additionally take a look at Raj Rayon Backtesting, Raj Rayon Valuation, Raj Rayon Correlation, Raj Rayon Hype Analysis, Raj Rayon Volatility, Raj Rayon History as well as Raj Rayon Performance. Please also try ETF Directory module to find actively-traded exchange traded funds (etf) from around the world.
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