White Probability of Target Price Finishing Over Current Price

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WHITEORG -- India Stock  

INR 4.17  0.21  4.79%

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

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White Organic Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 4.17 30 days 4.17 
about 92.38
Based on normal probability distribution, the odds of White Organic to move above current price in 30 days from now is about 92.38 (This White Organic Agro probability density function shows the probability of White Organic Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, White Organic Agro has beta of -0.0741 . This means as returns on benchmark increase, returns on holding White Organic are expected to decrease at a much smaller rate. During bear market, however, White Organic Agro is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. White Organic Agro is significantly underperforming DOW.
 White Organic Price Density 
      Price 
α
Alpha over DOW
=-0.89
β
Beta against DOW=-0.07
σ
Overall volatility
=1.30
Ir
Information ratio =-0.19

White Organic Alerts and Suggestions

White Organic Agro is not yet fully synchronised with the market data
White Organic Agro has high likelihood to experience some financial distress in the next 2 years

White OrganicPrice Density Drivers

Float Shares15.16M
Average Daily Volume Last 10 Day10.3k
Average Daily Volume In Three Month30.28k
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