TeleCanor Global (India) Probability of Target Price Finishing Over Current Price

    TELECANOR -- India Stock  

    INR 6.00  0.00  0.00%

    TeleCanor Global probability of target price tool provides mechanism to make assumptions about upside and downside potential of TeleCanor Global Ltd performance during a given time horizon utilizing its historical volatility. Please specify TeleCanor Global time horizon, a valid symbol (red box) and a target price (blue box) you would like TeleCanor Global odds to be computed. Also please take a look at World Market Map.
    Horizon     30 Days    Login   to change
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    TeleCanor Global Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     6.00 30 days 6.00  ABOUT 38.92%
    Based on normal probability distribution, the odds of TeleCanor Global to move above current price in 30 days from now is about 38.92% (This TeleCanor Global Ltd probability density function shows the probability of TeleCanor Global Stock to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, TeleCanor Global has beta of 0.2499 . This entails as returns on market go up, TeleCanor Global average returns are expected to increase less than the benchmark. However during bear market, the loss on holding TeleCanor Global Ltd will be expected to be much smaller as well. Additionally TeleCanor Global Ltd has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     TeleCanor Global Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.66
    β
    Beta against DOW=0.25
    σ
    Overall volatility
    =2.56
    Ir
    Information ratio =0.49

    TeleCanor Global Alerts

    TeleCanor Global Alerts and Suggestions

    TeleCanor Global generates negative expected return over the last 30 days
    TeleCanor Global has high likelihood to experience some financial distress in the next 2 years
    The company has accumulated 0 in total debt. TeleCanor Global Ltd has Current Ratio of 0.44 indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
    This company reported revenue of 657 K. Net Loss for the year was (6.05 M) with loss before overhead, payroll, taxes, and interest of (103 K).
    Also please take a look at World Market Map. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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