Shahi Shipping (India) Probability of Target Price Finishing Over Current Price

    SHAHISHIP -- India Stock  

    INR 7.48  0.00  0.00%

    Shahi Shipping probability of target price tool provides mechanism to make assumptions about upside and downside potential of Shahi Shipping Limited performance during a given time horizon utilizing its historical volatility. Please specify Shahi Shipping time horizon, a valid symbol (red box) and a target price (blue box) you would like Shahi Shipping odds to be computed. Also please take a look at World Market Map.
    Horizon     30 Days    Login   to change
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    Shahi Shipping Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     7.48 30 days 7.48  ABOUT 63.74%
    Based on normal probability distribution, the odds of Shahi Shipping to move above current price in 30 days from now is about 63.74% (This Shahi Shipping Limited probability density function shows the probability of Shahi Shipping Stock to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Shahi Shipping has beta of 0.2161 . This entails as returns on market go up, Shahi Shipping average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Shahi Shipping Limited will be expected to be much smaller as well. Additionally Shahi Shipping Limited has an alpha of 0.2781 implying that it can potentially generate 0.2781% excess return over DOW after adjusting for the inherited market risk (beta).
     Shahi Shipping Price Density 
          Price 
    α
    Alpha over DOW
    =0.28
    β
    Beta against DOW=0.22
    σ
    Overall volatility
    =0.32
    Ir
    Information ratio =0.10

    Shahi Shipping Alerts

    Shahi Shipping Alerts and Suggestions

    Shahi Shipping is not yet fully synchronised with the market data
    Shahi Shipping generates negative expected return over the last 30 days
    Shahi Shipping has high historical volatility and very poor performance
    Shahi Shipping has high likelihood to experience some financial distress in the next 2 years

    Price Density Drivers

    Shahi Shipping Health Indicators

    Float Shares3.02M
    Average Daily Volume Last 10 Day1.42k
    Average Daily Volume In Three Month623
    Also please take a look at World Market Map. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.
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