Apple Probability of Target Price Finishing Above 159.0192

AAPL -- USA Stock  

USD 185.32  3.42  1.81%

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 below 159.0192

Current PriceHorizonTarget PriceOdds to drop to $ 159.02  or more in 30 days
 185.32 30 days 159.02  NEAR 1%
Based on normal probability distribution, the odds of Apple to drop to $ 159.02  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 $ 159.02  and its current price of $185.32 at the end of the 30-day period is under 4%.
Given the investment horizon of 30 days, Apple has beta of 0.0 . This suggests unless we do not have required data, the returns on DOW and Apple are completely uncorrelated. Additionally AppleIt does not look like Apple alpha can have any bearing on the equity current valuation.
 Apple Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=2.37
Ir
Information ratio =0.07

Apple Alerts

Apple Alerts and Suggestions
Apple generates negative expected return over the last 30 days
Apple has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations
About 64.0% of the company shares are held by institutions such as insurance companies
On May 11, 2018 Apple paid $ 0.73 per share dividend to its current shareholders
Latest headline from www.theglobeandmail.com: RBC report lifts the lid on smart money

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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 Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.