Altaba Probability of Target Price Finishing Over 19.63

AABA -- USA Stock  

Last Earning Anouncement Date: June 30, 2016  

Altaba probability of target price tool provides mechanism to make assumptions about upside and downside potential of Altaba performance during a given time horizon utilizing its historical volatility. Please specify Altaba time horizon, a valid symbol (red box) and a target price (blue box) you would like Altaba odds to be computed. Check also Altaba Backtesting, Altaba Valuation, Altaba Correlation, Altaba Hype Analysis, Altaba Volatility, Altaba History as well as Altaba Performance.
Horizon     30 Days    Login   to change
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Altaba Target Price Odds to finish over 19.63

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 19.63 30 days 19.63 
about 75.1
Based on normal probability distribution, the odds of Altaba to move above current price in 30 days from now is about 75.1 (This Altaba probability density function shows the probability of Altaba Stock to fall within a particular range of prices over 30 days) .
Given the investment horizon of 30 days, the stock has beta coefficient of 3.77 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, Altaba will likely underperform. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Altaba is significantly underperforming DOW.
 Altaba Price Density 
      Price 
α
Alpha over DOW
=1.26
β
Beta against DOW=3.77
σ
Overall volatility
=23.61
Ir
Information ratio =0.13

Altaba Alerts and Suggestions

Altaba generates negative expected return over the last 30 days
Altaba has high historical volatility and very poor performance
The company currently holds 891.08 M in liabilities with Debt to Equity (D/E) ratio of 8.5 indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Altaba has Current Ratio of 0.31 indicating that it has a negative working capital and may not be able to pay financial obligations when they are due.
The entity reported previous year revenue of 221.91 M. Net Loss for the year was (4.21 B) with profit before overhead, payroll, taxes, and interest of 332.8 M.
About 73.0% of Altaba shares are held by institutions such as insurance companies
Latest headline from wcx19.org: What Is Happening With Altaba Inc. - WCX19

AltabaPrice Density Drivers

Average Daily Volume In Three Month13.77M
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