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

    ZENITHHE -- India Stock  

    INR 1.47  0.07  4.55%

    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 Your Current Watchlist.
    Horizon     30 Days    Login   to change
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    Zenith Healthcare Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     1.47 30 days 1.47  ABOUT 25.64%
    Based on normal probability distribution, the odds of Zenith Healthcare to move above current price in 30 days from now is about 25.64% (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 -0.1631 . 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 Zenith Healthcare Ltd has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     Zenith Healthcare Price Density 
          Price 
    α
    Alpha over DOW
    =0.36
    β
    Beta against DOW=0.16
    σ
    Overall volatility
    =0.90
    Ir
    Information ratio =0.17

    Zenith Healthcare Alerts

    Zenith Healthcare Alerts and Suggestions

    Zenith Healthcare is not yet fully synchronised with the market data
    Zenith Healthcare generates negative expected return over the last 30 days
    Zenith Healthcare may become a speculative penny stock
    Zenith Healthcare has high likelihood to experience some financial distress in the next 2 years

    Price Density Drivers

    Zenith Healthcare Health Indicators

    Float Shares31.09M
    Average Daily Volume Last 10 Day25.43k
    Average Daily Volume In Three Month43.93k
    See also Your Current Watchlist. Please also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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