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

SHAHISHIP -- India Stock  

INR 8.60  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
 8.60 30 days 8.60  ABOUT 45.68%
Based on normal probability distribution, the odds of Shahi Shipping to move above current price in 30 days from now is about 45.68% (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 Limited has beta of -0.016 . This entails as returns on benchmark increase, returns on holding Shahi Shipping are expected to decrease at a much smaller rate. During bear market, however, Shahi Shipping Limited is likely to outperform the market. Additionally The company has an alpha of 0.1982 implying that it can potentially generate 0.1982% excess return over DOW after adjusting for the inherited market risk (beta).
 Shahi Shipping Price Density 
      Price 
α
Alpha over DOW
=0.20
β
Beta against DOW=0.02
σ
Overall volatility
=1.89
Ir
Information ratio =0.03

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 likelihood to experience some financial distress in the next 2 years
The company reported revenue of 146.26M. Net Loss for the year was (22.03M) with profit before overhead, payroll, taxes, and interest of 108.78M.

Price Density Drivers

Shahi Shipping Health Indicators

Float Shares1.83M
Average Daily Volume In Three Month113
Also please take a look at World Market Map. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.
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