ZENTEC Probability of Target Price Finishing Above 37.4

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ZENTEC -- India Stock  

INR 51.65  0.60  1.15%

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

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Please specify ZEN TECHNOLOGIES time horizon, a valid symbol (red box) and a target price (blue box) you would like ZEN TECHNOLOGIES odds to be computed. Check out ZEN TECHNOLOGIES Backtesting, ZEN TECHNOLOGIES Valuation, ZEN TECHNOLOGIES Correlation, ZEN TECHNOLOGIES Hype Analysis, ZEN TECHNOLOGIES Volatility, ZEN TECHNOLOGIES History as well as ZEN TECHNOLOGIES Performance.
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ZEN TECHNOLOGIES Target Price Odds to finish below 37.4

Current PriceHorizonTarget PriceOdds to drop to  37.40  or more in 30 days
 51.65 30 days 37.40 
about 32.6
Based on a normal probability distribution, the odds of ZEN TECHNOLOGIES to drop to  37.40  or more in 30 days from now is about 32.6 (This ZEN TECHNOLOGIES LTD probability density function shows the probability of ZEN TECHNOLOGIES Stock to fall within a particular range of prices over 30 days) . Probability of ZEN TECHNOLOGIES LTD price to stay between  37.40  and its current price of 51.65 at the end of the 30-day period is about 53.24 .
Assuming the 30-days trading horizon, ZEN TECHNOLOGIES LTD has a beta of -0.2758. This usually means as returns on benchmark increase, returns on holding ZEN TECHNOLOGIES are expected to decrease at a much lower rate. During the bear market, however, ZEN TECHNOLOGIES LTD is likely to outperform the market. Moreover The company has an alpha of 1.3208, implying that it can generate a 1.32 percent excess return over DOW after adjusting for the inherited market risk (beta).
 ZEN TECHNOLOGIES Price Density 
      Price 
α
Alpha over DOW
=1.32
β
Beta against DOW=-0.28
σ
Overall volatility
=9.34
Ir
Information ratio =0.17

ZEN TECHNOLOGIES Alerts and Suggestions

ZEN TECHNOLOGIES LTD appears to be very risky and stock price may revert if volatility continues
About 66.0% of the company outstanding shares are owned by insiders

ZEN TECHNOLOGIESPrice Density Drivers

Trailing Annual Dividend Rate0.40
Float Shares23.95M
Average Daily Volume Last 10 Day48.44k
Average Daily Volume In Three Month17.45k
Trailing Annual Dividend Yield0.76%
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