The entity has beta of 0.6301 which indicates as returns on market increase, Shah Alloys returns are expected to increase less than the market. However during bear market, the loss on holding Shah Alloys will be expected to be smaller as well. Even though it is essential to pay attention to Shah Alloys Limited
current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. Shah Alloys Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Shah Alloys Limited
has expected return of -0.4899%. Please be advised to validate Shah Alloys Information Ratio
, Value At Risk
and the relationship
between Standard Deviation
and Treynor Ratio
to decide if Shah Alloys Limited
past performance will be repeated at some point in the near future.
Over the last 30 days Shah Alloys Limited has generated negative risk-adjusted returns adding no value to investors with long positions. Even with weak performance in the last few months, the Stock's technical indicators remain considerably steady which may send shares a bit higher in August 2019. The new chaos may also be a sign of medium term up-swing for the business stakeholders.
|Fifty Two Week Low||11.00|
|Fifty Two Week High||32.60|