|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 3.39 ||30 days|| 3.39 || ABOUT 80.6%|
Based on normal probability distribution, the odds of Tsingtao Brewery to move above current price in 30 days from now is about 80.6% (This Tsingtao Brewery Company Limited probability density function shows the probability of Tsingtao Brewery Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Tsingtao Brewery Company Limited has beta of -0.2699 . This entails as returns on benchmark increase, returns on holding Tsingtao Brewery are expected to decrease at a much smaller rate. During bear market, however, Tsingtao Brewery Company Limited is likely to outperform the market. Additionally Tsingtao Brewery Company Limited has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Tsingtao Brewery Price Density