|Current Price||Horizon||Target Price||Odds 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