|Horizon||30 Days Login to change|
Tsingtao Brewery Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|3.81||30 days||3.81||ABOUT 65.95%|
Based on normal probability distribution, the odds of Tsingtao Brewery to move above current price in 30 days from now is about 65.95% (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, the stock has beta coefficient of 4.4073 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, Tsingtao Brewery will likely underperform. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Tsingtao Brewery is significantly underperforming DOW.
Tsingtao Brewery Price Density
|Alpha over DOW||=||0.32|
|Beta against DOW||=||4.41|