Apple Probability of Target Price

Apple probability of target price tool provides mechanism to make assumptions about upside and downside potential of Apple Inc 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
Investment Horizon     30 Days    Login   to change
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Odds Analysis

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 153.80 30 days 137.10  close to 100% near 1%
Based on normal probability distribution, the odds of Apple to stay above  137.10  in 30 days from now is close to 100%. Probability of Apple Inc price to stay between  137.10  and its current price of 153.8 at the end of the 30-day period is about 79.62%.
Given the investment horizon of 30 days, the stock has beta coefficient of 1.1914 . 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, Apple will likely underperform. Additionally Apple Inc has an alpha of 0.2851 implying that it can potentially generate 0.2851% excess return over NYSE after adjusting for the inherited market risk (beta).
> 99%
Odds to stay above  137.10  in 30 days
 Apple Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over NYSE
= 0.29 
βBeta against NYSE= 1.19 
σ
Overall volatility
= 4.50 
 IrInformation ratio = 0.24