Sagar Probability of Target Price Finishing Over Current Price

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SAGAR -- India Stock  

INR 8.71  0.79  9.97%

Sagar Diamonds probability of target price tool provides mechanism to make assumptions about upside and downside potential of Sagar Diamonds Limited performance during a given time horizon utilizing its historical volatility.

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Please specify Sagar Diamonds time horizon, a valid symbol (red box) and a target price (blue box) you would like Sagar Diamonds odds to be computed. Additionally, take a look at Sagar Diamonds Backtesting, Sagar Diamonds Valuation, Sagar Diamonds Correlation, Sagar Diamonds Hype Analysis, Sagar Diamonds Volatility, Sagar Diamonds History as well as Sagar Diamonds Performance.
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Sagar Diamonds Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 8.71 30 days 8.71 
about 90.3
Based on normal probability distribution, the odds of Sagar Diamonds to move above current price in 30 days from now is about 90.3 (This Sagar Diamonds Limited probability density function shows the probability of Sagar Diamonds Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Sagar Diamonds Limited has beta of -0.0155 . This entails as returns on benchmark increase, returns on holding Sagar Diamonds are expected to decrease at a much smaller rate. During bear market, however, Sagar Diamonds Limited is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Sagar Diamonds is significantly underperforming DOW.
 Sagar Diamonds Price Density 
      Price 
α
Alpha over DOW
=-0.91
β
Beta against DOW=-0.02
σ
Overall volatility
=3.65
Ir
Information ratio =-0.23

Sagar Diamonds Alerts and Suggestions

Sagar Diamonds generates negative expected return over the last 30 days
Sagar Diamonds has high historical volatility and very poor performance
Sagar Diamonds has high likelihood to experience some financial distress in the next 2 years
The company has accumulated about 3.6 M in cash with (403.57 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03.

Sagar DiamondsPrice Density Drivers

Float Shares21.12M
Average Daily Volume Last 10 Day857
Average Daily Volume In Three Month2.61k
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