Zenith Healthcare (India) Probability of Target Price Finishing Over Current Price

ZENITHHE -- India Stock  

INR 2.52  0.13  4.91%

Zenith Healthcare probability of target price tool provides mechanism to make assumptions about upside and downside potential of Zenith Healthcare Ltd performance during a given time horizon utilizing its historical volatility. Please specify Zenith Healthcare time horizon, a valid symbol (red box) and a target price (blue box) you would like Zenith Healthcare odds to be computed. See also Zenith Healthcare Backtesting, Zenith Healthcare Valuation, Zenith Healthcare Correlation, Zenith Healthcare Hype Analysis, Zenith Healthcare Volatility, Zenith Healthcare History as well as Zenith Healthcare Performance.
Horizon     30 Days    Login   to change
Symbol:
Refresh Odds

Zenith Healthcare Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 2.52 30 days 2.52  ABOUT 34.67%
Based on normal probability distribution, the odds of Zenith Healthcare to move above current price in 30 days from now is about 34.67% (This Zenith Healthcare Ltd probability density function shows the probability of Zenith Healthcare Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Zenith Healthcare Ltd has beta of -0.0018 . This means as returns on benchmark increase, returns on holding Zenith Healthcare are expected to decrease at a much smaller rate. During bear market, however, Zenith Healthcare Ltd is likely to outperform the market. Additionally The company has an alpha of 0.403 implying that it can potentially generate 0.403% excess return over DOW after adjusting for the inherited market risk (beta).
 Zenith Healthcare Price Density 
      Price 
α
Alpha over DOW
=0.40
β
Beta against DOW=0.0018
σ
Overall volatility
=1.20
Ir
Information ratio =0.15

Zenith Healthcare Alerts

Zenith Healthcare Alerts and Suggestions

Zenith Healthcare generates negative expected return over the last 30 days
Zenith Healthcare has high likelihood to experience some financial distress in the next 2 years

Price Density Drivers

Zenith Healthcare Health Indicators

Float Shares31.07M
Average Daily Volume Last 10 Day44.36k
Average Daily Volume In Three Month47.09k
See also Zenith Healthcare Backtesting, Zenith Healthcare Valuation, Zenith Healthcare Correlation, Zenith Healthcare Hype Analysis, Zenith Healthcare Volatility, Zenith Healthcare History as well as Zenith Healthcare Performance. Please also try Coins and Tokens Correlation module to utilize digital token correlation table to build portfolio of cryptocurrencies across multiple exchanges.
Search macroaxis.com