Veto Switchgears (India) Probability of Target Price Finishing Over Current Price

VETO -- India Stock  

INR 70.55  0.60  0.86%

Veto Switchgears probability of target price tool provides mechanism to make assumptions about upside and downside potential of Veto Switchgears and Cables Limited performance during a given time horizon utilizing its historical volatility. Please specify Veto Switchgears time horizon, a valid symbol (red box) and a target price (blue box) you would like Veto Switchgears odds to be computed. Also please take a look at Veto Switchgears Backtesting, Veto Switchgears Valuation, Veto Switchgears Correlation, Veto Switchgears Hype Analysis, Veto Switchgears Volatility, Veto Switchgears History as well as Veto Switchgears Performance.
Horizon     30 Days    Login   to change
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Veto Switchgears Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 70.55 30 days 70.55 
ABOUT 27.98%
Based on normal probability distribution, the odds of Veto Switchgears to move above current price in 30 days from now is about 27.98% (This Veto Switchgears and Cables Limited probability density function shows the probability of Veto Switchgears Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Veto Switchgears has beta of 0.6754 . This entails as returns on market go up, Veto Switchgears average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Veto Switchgears and Cables Limited will be expected to be much smaller as well. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Veto Switchgears is significantly underperforming DOW.
 Veto Switchgears Price Density 
      Price 
α
Alpha over DOW
=0.15
β
Beta against DOW=0.68
σ
Overall volatility
=27.94
Ir
Information ratio =0.07

Veto SwitchgearsPrice Density Drivers

Trailing Annual Dividend Rate2.00
Float Shares7.54M
Average Daily Volume Last 10 Day7.99k
Average Daily Volume In Three Month24.04k
Trailing Annual Dividend Yield3.18%
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