|Current Price||Horizon||Target Price||Odds to drop to $ 169.32 or more in 30 days|
| 191.88 ||30 days|| 169.32 || NEAR 1%|
Based on normal probability distribution, the odds of Apple to drop to $ 169.32 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 $ 169.32 and its current price of $191.88 at the end of the 30-day period is about 92.77%.
Given the investment horizon of 30 days, Apple has beta of -0.0709 . 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 an alpha of 0.1539 implying that it can potentially generate 0.1539% excess return over DOW after adjusting for the inherited market risk (beta).
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