Apple Probability of Target Price Finishing Above 155.15

AAPL -- USA Stock  

USD 222.11  9.57  4.50%

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.
Horizon     30 Days    Login   to change
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Apple Target Price Odds to finish below 155.15

Current PriceHorizonTarget PriceOdds to drop to $ 155.15  or more in 30 days
 222.11 30 days 155.15  NEAR 1%
Based on normal probability distribution, the odds of Apple to drop to $ 155.15  or more in 30 days from now is near 1% (This Apple probability density function shows the probability of Apple Stock to fall within a particular range of prices over 30 days) . Probability of Apple price to stay between $ 155.15  and its current price of $222.11 at the end of the 30-day period is about 54.64%.
Given the investment horizon of 30 days, Apple has beta of 0.475 . 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 0.0059 implying that it can potentially generate 0.0059% excess return over DOW after adjusting for the inherited market risk (beta).
 Apple Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.005912
β
Beta against DOW=0.47
σ
Overall volatility
=5.42
Ir
Information ratio =0.018709

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
Latest headline from MacroaxisInsider: Acquisition by Cooperman Daniel of 60000 shares of Apple subject to Rule 16b-3

Price Density Drivers

Apple Health Indicators

Shares Percent Shares Out0.97%
Trailing Annual Dividend Rate2.62
Short Percent Of Float0.92%
Float Shares4.57B
Shares Short Prior Month42.16M
Average Daily Volume Last 10 Day33.83M
Average Daily Volume In Three Month29.95M
Date Short InterestSeptember 14, 2018
Trailing Annual Dividend Yield1.22%
Check also Apple Backtesting, Apple Valuation, Apple Correlation, Apple Hype Analysis, Apple Volatility, Apple History as well as Apple Performance. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.
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