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

ARNA -- Israel Stock  

ILS 2.00  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 Arena Star Backtesting, Arena Star Valuation, Arena Star Correlation, Arena Star Hype Analysis, Arena Star Volatility, Arena Star History as well as Arena Star Performance.
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
 2.00 30 days 2.00  ABOUT 60.78%
Based on normal probability distribution, the odds of Arena Star to move above current price in 30 days from now is about 60.78% (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 0.1901 . 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. Additionally Arena Star Group Ltd has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Arena Star Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.18
β
Beta against DOW=0.19
σ
Overall volatility
=0.07
Ir
Information ratio =0.05

Arena Star Alerts

Arena Star Alerts and Suggestions

The company has accumulated 716.04 M in total debt. Arena Star Group Ltd has Current Ratio of 0.08 indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
Check also Arena Star Backtesting, Arena Star Valuation, Arena Star Correlation, Arena Star Hype Analysis, Arena Star Volatility, Arena Star History as well as Arena Star Performance. Please also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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