"A shiny charm said to increase the chance of finding a Shiny Pokémon."
(Doesn't boost shiny odds for Gift Pokemon)
       
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General Shiny Odds[]
Base Odds: 1/1024 = 0.1%
Shiny Charm: 1/341.3 (3/1024 = 0.29%)
Masuda Method:1/170.6 (6/1024 = 0.59%)
Masuda + Shiny Charm: 1/128 (8/1024 = 0.78%)
Double Hunting: 2/1024 = 0.2%
Double Hunting + shiny charm: 1/170.6 (6/1024 = 0.59%)
Poke Radar Odds[]
1-9: 1/1024 = (0.1%)
10-19: 2/1024 (0.2%)
20-29: 3/1024 (0.29%)
30-39: 4/1024 (0.39%)
40+: 5/1024 (0.49%)
Poke Radar + Shiny Charm Odds[]
1-9: 3/1024 (0.29%)
10-19: 4/1024 (0.39%)
20-29: 5/1024 (0.49%)
30-39: 6/1024 (0.59%)
40+: 7/1024 (0.68%)