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RELIANCE INDUSTRIES (India) Probability of Target Price Finishing Over Current Price

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RELIANCE -- India Stock  

INR 1,486  13.20  0.88%

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 1,486 30 days 1,486 
about 77.79
Based on normal probability distribution, the odds of RELIANCE INDUSTRIES to move above current price in 30 days from now is about 77.79 (This RELIANCE INDUSTRIES LTD probability density function shows the probability of RELIANCE INDUSTRIES Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, RELIANCE INDUSTRIES LTD has beta of -0.0157 . This implies as returns on benchmark increase, returns on holding RELIANCE INDUSTRIES are expected to decrease at a much smaller rate. During bear market, however, RELIANCE INDUSTRIES LTD is likely to outperform the market. Additionally The company has an alpha of 0.0514 implying that it can potentially generate 0.0514% excess return over DOW after adjusting for the inherited market risk (beta).
 RELIANCE INDUSTRIES Price Density 
    
  Price 
α
Alpha over DOW
=0.05
β
Beta against DOW=0.02
σ
Overall volatility
=49.96
Ir
Information ratio =0.004492

RELIANCE INDUSTRIES Alerts and Suggestions

RELIANCE INDUSTRIES is not yet fully synchronised with the market data
RELIANCE INDUSTRIES generates negative expected return over the last 30 days
The company has 2.52 Trillion in debt which may indicate that it relies heavily on debt financing
The company has accumulated 2520 B in total debt with debt to equity ratio (D/E) of 60.9 indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. RELIANCE INDUSTRIES LTD has Current Ratio of 0.61 indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.

RELIANCE INDUSTRIESPrice Density Drivers

Trailing Annual Dividend Rate6.50
Float Shares2.88B
Average Daily Volume Last 10 Day395.74k
Average Daily Volume In Three Month408.7k
Trailing Annual Dividend Yield0.43%