Ginegar Plastic (Israel) Probability of Target Price Finishing Over Current Price

GNGR -- Israel Stock  

ILS 2,098  22.00  1.04%

Ginegar Plastic probability of target price tool provides mechanism to make assumptions about upside and downside potential of Ginegar Plastic Products Ltd performance during a given time horizon utilizing its historical volatility. Please specify Ginegar Plastic time horizon, a valid symbol (red box) and a target price (blue box) you would like Ginegar Plastic odds to be computed. Please also check Ginegar Plastic Backtesting, Ginegar Plastic Valuation, Ginegar Plastic Correlation, Ginegar Plastic Hype Analysis, Ginegar Plastic Volatility, Ginegar Plastic History as well as Ginegar Plastic Performance.
Horizon     30 Days    Login   to change
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Ginegar Plastic Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 2,098 30 days 2,098  ABOUT 81.68%
Based on normal probability distribution, the odds of Ginegar Plastic to move above current price in 30 days from now is about 81.68% (This Ginegar Plastic Products Ltd probability density function shows the probability of Ginegar Plastic Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Ginegar Plastic Products Ltd has beta of -0.3179 . This indicates as returns on benchmark increase, returns on holding Ginegar Plastic are expected to decrease at a much smaller rate. During bear market, however, Ginegar Plastic Products Ltd is likely to outperform the market. Additionally Ginegar Plastic Products Ltd has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Ginegar Plastic Price Density 
      Price 
α
Alpha over DOW
=0.38
β
Beta against DOW=0.32
σ
Overall volatility
=118.65
Ir
Information ratio =0.15

Ginegar Plastic Alerts

Ginegar Plastic Alerts and Suggestions

Ginegar Plastic generates negative expected return over the last 30 days
Ginegar Plastic has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations

Price Density Drivers

Ginegar Plastic Health Indicators

Float Shares6.5M
Average Daily Volume Last 10 Day4.6k
Average Daily Volume In Three Month4.55k
Please also check Ginegar Plastic Backtesting, Ginegar Plastic Valuation, Ginegar Plastic Correlation, Ginegar Plastic Hype Analysis, Ginegar Plastic Volatility, Ginegar Plastic History as well as Ginegar Plastic Performance. Please also try Fund Screener module to find activelly-traded funds from around the world traded on over 30 global exchanges.
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