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

SALG -- Israel Stock  

ILS 1,421  24.00  1.66%

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
 1,421 30 days 1,421  ABOUT 57.78%
Based on normal probability distribution, the odds of Shalag Industries to move above current price in 30 days from now is about 57.78% (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 Ltd has beta of -0.5528 . This entails as returns on benchmark increase, returns on holding Shalag Industries are expected to decrease at a much smaller rate. During bear market, however, Shalag Industries Ltd is likely to outperform the market. 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 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.25
β
Beta against DOW=0.55
σ
Overall volatility
=26.65
Ir
Information ratio =0.06

Shalag Industries Alerts

Shalag Industries Alerts and Suggestions

Shalag Industries generates negative expected return over the last 30 days
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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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