|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 9.34 ||30 days|| 9.34 || ABOUT 24.69%|
Based on normal probability distribution, the odds of Vedanta Resources to move above current price in 30 days from now is about 24.69% (This Vedanta Resources plc probability density function shows the probability of Vedanta Resources Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Vedanta Resources plc has beta of -0.1018 . This entails as returns on benchmark increase, returns on holding Vedanta Resources are expected to decrease at a much smaller rate. During bear market, however, Vedanta Resources plc is likely to outperform the market. Additionally Vedanta Resources plc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Vedanta Resources Price Density