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

SHAHALLOYS -- India Stock  

INR 20.20  0.000001  0.00%

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 World Market Map.
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
 20.20 30 days 20.20  ABOUT 31.6%
Based on normal probability distribution, the odds of Shah Alloys to move above current price in 30 days from now is about 31.6% (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 -0.196 . 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 The company has a negative alpha implying that the risk taken by holding this equity is not justified. Shah Alloys Limited is significantly underperforming DOW.
 Shah Alloys Price Density 
      Price 
α
Alpha over DOW
=0.02
β
Beta against DOW=0.2
σ
Overall volatility
=1.11
Ir
Information ratio =0.014709

Shah Alloys Alerts

Shah Alloys Alerts and Suggestions

Shah Alloys Limited is not yet fully synchronised with the market data
Shah Alloys Limited generates negative expected return over the last 30 days
Shah Alloys Limited has high historical volatility and very poor performance
Shah Alloys Limited has high likelihood to experience some financial distress in the next 2 years
The company has accumulated 4.41B 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.

Price Density Drivers

Shah Alloys Health Indicators

Float Shares5.98M
Average Daily Volume Last 10 Day2.55k
Average Daily Volume In Three Month2.84k
Also please take a look at World Market Map. Please also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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