Shaniv Paper (Israel) Probability of Target Price Finishing Over Current Price

    SHAN -- Israel Stock  

    ILS 279.20  2.70  0.96%

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

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     279.20 30 days 279.20  CLOSE TO 99%
    Based on normal probability distribution, the odds of Shaniv Paper to move above current price in 30 days from now is close to 99% (This Shaniv Paper Industry Ltd probability density function shows the probability of Shaniv Paper Stock to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Shaniv Paper Industry Ltd has beta of -0.0276 . This entails as returns on benchmark increase, returns on holding Shaniv Paper are expected to decrease at a much smaller rate. During bear market, however, Shaniv Paper Industry Ltd is likely to outperform the market. Additionally Shaniv Paper Industry Ltd has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     Shaniv Paper Price Density 
          Price 
    α
    Alpha over DOW
    =0.17
    β
    Beta against DOW=0.03
    σ
    Overall volatility
    =6.83
    Ir
    Information ratio =0.02047

    Shaniv Paper Alerts

    Shaniv Paper Alerts and Suggestions

    Shaniv Paper is not yet fully synchronised with the market data
    Shaniv Paper generates negative expected return over the last 30 days

    Price Density Drivers

    Shaniv Paper Health Indicators

    Trailing Annual Dividend Rate0.03
    Float Shares10.73M
    Average Daily Volume Last 10 Day66.11k
    Average Daily Volume In Three Month18.32k
    Trailing Annual Dividend Yield0.01%
    Also please take a look at World Market Map. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.
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