SOUTHERN Probability of Target Price Finishing Over Current Price

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SOUTLAT -- India Stock  

INR 9.69  0.00  0.00%

SOUTHERN LATEX probability of target price tool provides mechanism to make assumptions about upside and downside potential of SOUTHERN LATEX LTD performance during a given time horizon utilizing its historical volatility.

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Please specify SOUTHERN LATEX time horizon, a valid symbol (red box) and a target price (blue box) you would like SOUTHERN LATEX odds to be computed. Additionally, take a look at SOUTHERN LATEX Backtesting, SOUTHERN LATEX Valuation, SOUTHERN LATEX Correlation, SOUTHERN LATEX Hype Analysis, SOUTHERN LATEX Volatility, SOUTHERN LATEX History as well as SOUTHERN LATEX Performance.
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SOUTHERN LATEX Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 9.69 30 days 9.69 
roughly 97.0
Based on normal probability distribution, the odds of SOUTHERN LATEX to move above current price in 30 days from now is roughly 97.0 (This SOUTHERN LATEX LTD probability density function shows the probability of SOUTHERN LATEX Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, SOUTHERN LATEX LTD has beta of -0.0033 . This entails as returns on benchmark increase, returns on holding SOUTHERN LATEX are expected to decrease at a much smaller rate. During bear market, however, SOUTHERN LATEX LTD 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. SOUTHERN LATEX LTD is significantly underperforming DOW.
 SOUTHERN LATEX Price Density 
      Price 
α
Alpha over DOW
=-0.1
β
Beta against DOW=-0.0033
σ
Overall volatility
=0.23
Ir
Information ratio =-0.11

SOUTHERN LATEX Alerts and Suggestions

SOUTHERN LATEX LTD generates negative expected return over the last 30 days

SOUTHERN LATEXPrice Density Drivers

Float Shares2.23M
Average Daily Volume In Three Month1
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