|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 18.65 ||30 days|| 18.65 || ABOUT 53.05%|
Based on normal probability distribution, the odds of Shah Alloys to move above current price in 30 days from now is about 53.05% (This Shah Alloys Limited probability density function shows the probability of Shah Alloys Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Shah Alloys Limited has beta of -0.1857 . This entails as returns on benchmark increase, returns on holding Shah Alloys are expected to decrease at a much smaller rate. During bear market, however, Shah Alloys Limited is likely to outperform the market. Additionally Shah Alloys Limited has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Shah Alloys Price Density