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

    SHAHALLOYS -- India Stock  

    INR 18.65  0.65  3.61%

    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
    Symbol:
    Refresh Odds

    Shah Alloys Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds 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 
          Price 
    α
    Alpha over DOW
    =0.36
    β
    Beta against DOW=0.19
    σ
    Overall volatility
    =0.95
    Ir
    Information ratio =0.1

    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 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 World Market Map. Please also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of macroaxis ideas.
    Search macroaxis.com