RELIANCE Probability of Target Price Finishing Above 943.1

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RELIANCE -- India Stock  

INR 1,580  43.85  2.85%

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.

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RELIANCE INDUSTRIES Target Price Odds to finish below 943.1

Current PriceHorizonTarget PriceOdds to drop to  943.10  or more in 30 days
 1,580 30 days 943.10 
roughly 2.36
Based on normal probability distribution, the odds of RELIANCE INDUSTRIES to drop to  943.10  or more in 30 days from now is roughly 2.36 (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) . Probability of RELIANCE INDUSTRIES LTD price to stay between  943.10  and its current price of 1579.95 at the end of the 30-day period is about 89.89 .
Assuming 30 trading days horizon, RELIANCE INDUSTRIES LTD has beta of -0.3508 . 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 0.1581 implying that it can potentially generate 0.1581% excess return over DOW after adjusting for the inherited market risk (beta).
 RELIANCE INDUSTRIES Price Density 
      Price 
α
Alpha over DOW
=0.16
β
Beta against DOW=-0.35
σ
Overall volatility
=187.04
Ir
Information ratio =0.006292

RELIANCE INDUSTRIES Alerts and Suggestions

RELIANCE INDUSTRIES appears to be very risky and stock price may revert if volatility continues
The company has accumulated 2520 B in total debt with debt to equity ratio (D/E) of 0.61 which is about average as compared to similar companies. 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 Day1.56M
Average Daily Volume In Three Month4.03M
Trailing Annual Dividend Yield0.45%
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