Apple Probability of Target Price Finishing Over

Apple -- USA Stock  

USD 165.72  7.08  4.10%

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 PriceAbove OddsBelow Odds
 165.72 30 days 165.72  roughly 97.0% roughly 2.97%
Based on normal probability distribution, the odds of Apple to move above current price in 30 days from now is roughly 97.0% (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 -0.0126 . This suggests as returns on benchmark increase, returns on holding Apple are expected to decrease at a much smaller rate. During bear market, however, Apple is likely to outperform the market. Additionally Apple has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
97.0%
Odds to move above current price in 30 days
 Apple Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.09
β
Beta against DOW=0.01
σ
Overall volatility
=4.30
Ir
Information ratio =0.005793

Current Sentiment - AAPL

Apple Investor Sentiment
Majority of Macroaxis users are presently bullish on Apple. What is your sentiment towards investing in Apple? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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The main assumption in equity investing is that a higher degree of volatility (or risk) means a higher potential (or expected) return on investment. Conversely, investors who take on a low degree of risk have a low expection for return.
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You can create optimal portfolios in USA market or optimize your existing portfolio in one of two ways: 1) For any level of risk, select the one which has the highest expected return. 2) For any expected return, select the one which has the lowest volatility.
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Check also Apple Backtesting, Apple Valuation, Apple Correlation, Apple Hype Analysis, Apple Volatility, Apple History as well as Apple Performance. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.