Apple Probability of Target Price Finishing Over

AAPL -- USA Stock  

USD 217.58  4.26  2.00%

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 217.58 30 days 217.58  NEARLY 4.25%
Based on normal probability distribution, the odds of Apple to move above current price in 30 days from now is nearly 4.25% (This Apple probability density function shows the probability of Apple Stock to fall within a particular range of prices over 30 days) .
Given the investment horizon of 30 days, Apple has beta of 0.292 . This suggests as returns on market go up, Apple average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Apple will be expected to be much smaller as well. Additionally Apple has an alpha of 0.5437 implying that it can potentially generate 0.5437% excess return over DOW after adjusting for the inherited market risk (beta).
 Apple Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.54
β
Beta against DOW=0.29
σ
Overall volatility
=9.03
Ir
Information ratio =0.31

Apple Alerts

Apple Alerts and Suggestions
Apple has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations
About 61.0% of the company shares are held by institutions such as insurance companies
On August 10, 2018 Apple paid $ 0.73 per share dividend to its current shareholders
Latest headline from MacroaxisInsider: Sale by Jeffrey Williams of 2514 shares of Apple
Check also Apple Backtesting, Apple Valuation, Apple Correlation, Apple Hype Analysis, Apple Volatility, Apple History as well as Apple Performance. Please also try Headlines Timeline module to stay connected to all market stories and filter out noise. drill down to analyze hype elasticity.