Shalag Industries (Israel) Probability of Target Price Finishing Over Current Price

SALG -- Israel Stock  

ILS 1,274  35.00  2.67%

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 1,274 30 days 1,274  ABOUT 98.0%
Based on normal probability distribution, the odds of Shalag Industries to move above current price in 30 days from now is about 98.0% (This Shalag Industries Ltd probability density function shows the probability of Shalag Industries Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Shalag Industries has beta of 0.1434 . This entails as returns on market go up, Shalag Industries average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Shalag Industries Ltd will be expected to be much smaller as well. Additionally Shalag Industries Ltd has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Shalag Industries Price Density 
      Price 
α
Alpha over DOW
=0.1
β
Beta against DOW=0.14
σ
Overall volatility
=54.68
Ir
Information ratio =0.029368

Shalag Industries Alerts

Shalag Industries Alerts and Suggestions

Shalag Industries generates negative expected return over the last 30 days

Price Density Drivers

Shalag Industries Health Indicators

Float Shares14.42M
Average Daily Volume Last 10 Day28.46k
Average Daily Volume In Three Month11.84k
Also please take a look at Shalag Industries Backtesting, Shalag Industries Valuation, Shalag Industries Correlation, Shalag Industries Hype Analysis, Shalag Industries Volatility, Shalag Industries History as well as Shalag Industries Performance. Please also try Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. drill down to check world indexes.
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