TAMILNADU Probability of Target Price Finishing Over Current Price

TT
TNTELE-EQ -- India Stock  

INR 1.85  0.00  0.00%

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

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TAMILNADU TELECOMM Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above the current price in 30 days
 1.85 30 days 1.85 
near 1
Based on a normal probability distribution, the odds of TAMILNADU TELECOMM to move above the current price in 30 days from now is near 1 (This TAMILNADU TELECOMM probability density function shows the probability of TAMILNADU TELECOMM Stock to fall within a particular range of prices over 30 days) .
Assuming the 30 trading days horizon, TAMILNADU TELECOMM has a beta of 0.27. This usually implies as returns on the market go up, TAMILNADU TELECOMM average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding TAMILNADU TELECOMM will be expected to be much smaller as well. In addition to that The company has an alpha of 3.0495, implying that it can generate a 3.05 percent excess return over DOW after adjusting for the inherited market risk (beta).
 TAMILNADU TELECOMM Price Density 
      Price 
α
Alpha over DOW
=3.05
β
Beta against DOW=0.27
σ
Overall volatility
=0.17
Ir
Information ratio =0.47

TAMILNADU TELECOMM Alerts and Suggestions

TAMILNADU TELECOMM is not yet fully synchronised with the market data
TAMILNADU TELECOMM appears to be very risky and stock price may revert if volatility continues
TAMILNADU TELECOMM may become a speculative penny stock
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