VIKAS Probability of Target Price Finishing Over Current Price

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VIKASWSP -- India Stock  

INR 6.80  0.10  1.49%

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

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Please specify VIKAS WSP time horizon, a valid symbol (red box) and a target price (blue box) you would like VIKAS WSP odds to be computed. Also please take a look at VIKAS WSP Backtesting, VIKAS WSP Valuation, VIKAS WSP Correlation, VIKAS WSP Hype Analysis, VIKAS WSP Volatility, VIKAS WSP History as well as VIKAS WSP Performance.
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VIKAS WSP Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above the current price in 30 days
 6.80 30 days 6.80 
about 10.48
Based on a normal probability distribution, the odds of VIKAS WSP to move above the current price in 30 days from now is about 10.48 (This VIKAS WSP probability density function shows the probability of VIKAS WSP Stock to fall within a particular range of prices over 30 days) .
Assuming the 30 trading days horizon, VIKAS WSP has a beta of -0.4609. This entails as returns on benchmark increase, returns on holding VIKAS WSP are expected to decrease at a much lower rate. During the bear market, however, VIKAS WSP is likely to outperform the market. Additionally The company has an alpha of 0.5426, implying that it can generate a 0.54 percent excess return over DOW after adjusting for the inherited market risk (beta).
 VIKAS WSP Price Density 
      Price 
α
Alpha over DOW
=0.54
β
Beta against DOW=-0.46
σ
Overall volatility
=1.06
Ir
Information ratio =0.047373

VIKAS WSP Alerts and Suggestions

VIKAS WSP appears to be very risky and stock price may revert if volatility continues
VIKAS WSP has high likelihood to experience some financial distress in the next 2 years
About 34.0% of the company outstanding shares are owned by insiders

VIKAS WSPPrice Density Drivers

Float Shares340.09M
Average Daily Volume Last 10 Day308.9k
Average Daily Volume In Three Month452.96k
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