Arena Star (Israel) Probability of Target Price Finishing Over Current Price

ARNA -- Israel Stock  

ILS 2.70  0.00  0.00%

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 2.70 30 days 2.70  ABOUT 16.35%
Based on normal probability distribution, the odds of Arena Star to move above current price in 30 days from now is about 16.35% (This Arena Star Group Ltd probability density function shows the probability of Arena Star Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Arena Star has beta of 0.0646 . This suggests as returns on market go up, Arena Star average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Arena Star Group Ltd will be expected to be much smaller as well. Moreover The company has an alpha of 1.0694 implying that it can potentially generate 1.0694% excess return over DOW after adjusting for the inherited market risk (beta).
 Arena Star Price Density 
      Price 
α
Alpha over DOW
=1.07
β
Beta against DOW=0.06
σ
Overall volatility
=0.37
Ir
Information ratio =0.16

Arena Star Alerts and Suggestions

Arena Star Group is not yet fully synchronised with the market data
Arena Star Group appears to be very risky and stock price may revert if volatility continues
The company has accumulated 762.39M in total debt. Arena Star Group has Current Ratio of 0.1 indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
The entity reported revenue of 94.92M. Net Loss for the year was (33.5M) with profit before overhead, payroll, taxes, and interest of 55.98M.

Arena StarPrice Density Drivers

Float Shares308.96M
Average Daily Volume Last 10 Day116.4k
Average Daily Volume In Three Month595.23k
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