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

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RELIANCE -- India Stock  

INR 1,434  17.35  1.20%

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 1,434 30 days 1,434 
under 95
Based on normal probability distribution, the odds of RELIANCE INDS to move above current price in 30 days from now is under 95 (This RELIANCE INDS probability density function shows the probability of RELIANCE INDS Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, RELIANCE INDS has beta of 0.0613 . This implies as returns on market go up, RELIANCE INDS average returns are expected to increase less than the benchmark. However during bear market, the loss on holding RELIANCE INDS 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. RELIANCE INDS is significantly underperforming DOW.
 RELIANCE INDS Price Density 
    
  Price 
α
Alpha over DOW
=0.04
β
Beta against DOW=0.06
σ
Overall volatility
=53.56
Ir
Information ratio =0.07

RELIANCE INDS Alerts and Suggestions

RELIANCE INDS is not yet fully synchronised with the market data
RELIANCE INDS 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 INDS 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 INDSPrice Density Drivers

Trailing Annual Dividend Rate6.50
Float Shares2.88B
Average Daily Volume Last 10 Day10.49M
Average Daily Volume In Three Month8.47M
Trailing Annual Dividend Yield0.45%