Shah Alloys (India) Probability of Target Price Finishing Over Current Price

SHAHALLOYS -- India Stock  

INR 22.85  0.40  1.78%

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 22.85 30 days 22.85  ABOUT 91.16%
Based on normal probability distribution, the odds of Shah Alloys to move above current price in 30 days from now is about 91.16% (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 -0.0914 . 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 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.28
β
Beta against DOW=0.09
σ
Overall volatility
=0.60
Ir
Information ratio =0.14

Shah Alloys Alerts

Shah Alloys Alerts and Suggestions

Shah Alloys Limited generates negative expected return over the last 30 days
Shah Alloys Limited has high likelihood to experience some financial distress in the next 2 years
The company has accumulated 2.38 B in total debt. Shah Alloys Limited has Current Ratio of 0.26 indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
Also please take a look at Shah Alloys Backtesting, Shah Alloys Valuation, Shah Alloys Correlation, Shah Alloys Hype Analysis, Shah Alloys Volatility, Shah Alloys History as well as Shah Alloys Performance. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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