Saven Technologies (India) Probability of Target Price Finishing Over Current Price

7TEC -- India Stock  

INR 23.90  0.40  1.70%

Saven Technologies probability of target price tool provides mechanism to make assumptions about upside and downside potential of Saven Technologies Limited performance during a given time horizon utilizing its historical volatility. Please specify Saven Technologies time horizon, a valid symbol (red box) and a target price (blue box) you would like Saven Technologies odds to be computed. Check also Trending Equities.
Horizon     30 Days    Login   to change
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Saven Technologies Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 23.90 30 days 23.90  ABOUT 18.16%
Based on normal probability distribution, the odds of Saven Technologies to move above current price in 30 days from now is about 18.16% (This Saven Technologies Limited probability density function shows the probability of Saven Technologies Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Saven Technologies Limited has beta of -1.2673 . This suggests as returns on its benchmark rise, returns on holding Saven Technologies Limited are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Saven Technologies is expected to outperform its benchmark. Moreover The company has an alpha of 1.847 implying that it can potentially generate 1.847% excess return over DOW after adjusting for the inherited market risk (beta).
 Saven Technologies Price Density 
      Price 
α
Alpha over DOW
=1.85
β
Beta against DOW=1.27
σ
Overall volatility
=5.17
Ir
Information ratio =0.34

Saven Technologies Alerts

Saven Technologies Alerts and Suggestions

Saven Technologies is not yet fully synchronised with the market data
Saven Technologies appears to be very risky and stock price may revert if volatility continues

Price Density Drivers

Saven Technologies Health Indicators

Float Shares3.22M
Average Daily Volume Last 10 Day7.91k
Average Daily Volume In Three Month9.59k
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