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 Your Equity Center.
    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 -0.0037 . 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 0.0017 implying that it can potentially generate 0.0017% excess return over DOW after adjusting for the inherited market risk (beta).
     Raj Rayon Price Density 
          Price 
    α
    Alpha over DOW
    =0.001668
    β
    Beta against DOW=0.0037
    σ
    Overall volatility
    =0.002132
    Ir
    Information ratio =0.05

    Raj Rayon Alerts

    Raj Rayon Alerts and Suggestions

    Raj Rayon Industries is not yet fully synchronised with the market data
    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.

    Price Density Drivers

    Raj Rayon Health Indicators

    Float Shares104.54M
    Average Daily Volume Last 10 Day5.55k
    Average Daily Volume In Three Month16.46k
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