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

    RHFL -- India Stock  

    INR 39.80  0.20  0.01%

    RELIANCE HOME probability of target price tool provides mechanism to make assumptions about upside and downside potential of RELIANCE HOME FIN performance during a given time horizon utilizing its historical volatility. Please specify RELIANCE HOME time horizon, a valid symbol (red box) and a target price (blue box) you would like RELIANCE HOME odds to be computed. Additionally take a look at Your Equity Center.
    Horizon     30 Days    Login   to change
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    RELIANCE HOME Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     39.80 30 days 39.80  ROUGHLY 96.0%
    Based on normal probability distribution, the odds of RELIANCE HOME to move above current price in 30 days from now is roughly 96.0% (This RELIANCE HOME FIN probability density function shows the probability of RELIANCE HOME Stock to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, RELIANCE HOME FIN has beta of -0.1243 . This implies as returns on benchmark increase, returns on holding RELIANCE HOME are expected to decrease at a much smaller rate. During bear market, however, RELIANCE HOME FIN is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. RELIANCE HOME FIN is significantly underperforming DOW.
     RELIANCE HOME Price Density 
          Price 
    α
    Alpha over DOW
    =1.62
    β
    Beta against DOW=0.12
    σ
    Overall volatility
    =14.91
    Ir
    Information ratio =0.23

    RELIANCE HOME Alerts

    RELIANCE HOME Alerts and Suggestions

    RELIANCE HOME FIN is not yet fully synchronised with the market data
    RELIANCE HOME FIN generates negative expected return over the last 30 days

    Price Density Drivers

    RELIANCE HOME Health Indicators

    Average Daily Volume Last 10 Day286.53k
    Average Daily Volume In Three Month286.53k
    Additionally take a look at Your Equity Center. Please also try Instant Ratings module to determine any equity ratings based on digital recommendations. macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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